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2010-024
a ORDINANCE NO. 2010 _ 024 AN ORDINANCE OF INDIAN RIVER COUNTY, FLORIDA, AMENDING THE TEXT OF THE COMPREHENSIVE PLAN'S CAPITAL IMPROVEMENTS ELEMENT; AND PROVIDING SEVERABILITY AND EFFECTIVE DATE. WHEREAS, the Board of County Commissioners adopted the Indian River County Comprehensive Plan on February 13, 1990, and WHEREAS, F.S. 163.3177(3)(b)1 requires an annual review and update of the County's Capital Improvements Element; and WHEREAS, F.S. 163.3187(1)(f) allows the County, by ordinance, to amend its capital improvements element once per year outside of the standard twice a year amendment limitation threshold and do so through only one adoption public hearing; and WHEREAS, the Board of County Commissioners of Indian River County advertised for a Public Hearing to Consider Adopting an Ordinance Amending the Capital Improvements Element of the Comprehensive Plan, pursuant to F.S. 163.3184(15)(b)(1) and (c); and WHEREAS, the Board of County Commissioners of Indian River County held an Adoption Public Hearing on November 2, 2010, at which parties in interest and citizens were heard; NOW, THEREFORE, BE IT ORDAINED by the Board of County Commissioners of Indian River County, Florida, that: SECTION 1. Comprehensive Plan Amendment Adoption and Transmittal The amendment to the Indian River County Comprehensive Plan identified in Section 2 is hereby adopted, and three (3) copies are directed to be transmitted to the State of Florida Department of Community Affairs and one (1) copy is directed to be transmitted to the Treasure Coast Regional Planning Council and remaining reviewing agencies. SECTION 2. Amendment to the Comprehensive Plan Amended Capital Improvements Element; (Exhibit A) 1 of 3 ORDINANCE NO. 2010 - 024 SECTION 3. Financial Feasibility The Board of County Commissioners finds that the proposed amendment of the Capital Improvements Element is financially feasible. SECTION 4. Repeal of Conflicting Provisions All previous ordinances, resolutions, or motions of the Board of County Commissioners of Indian River County, Florida, which conflict with the provisions of this ordinance are hereby repealed to the extent of such conflict. SECTION 5. Severability It is declared to be the intent of the Board of County Commissioners that, if any provision of this ordinance or these Indian River County Comprehensive Plan Amendments is for any reason finally held invalid or unconstitutional by any court of competent jurisdiction, such provision shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining provisions. SECTION 6. Effective Date The effective date of this ordinance and, therefore, this plan amendment shall be the date a final order is issued by the Department of Community Affairs or Administration Commission finding the amendments in compliance with Section 163.3184(1)(b), Florida Statutes, whichever occurs earlier. If a final order of noncompliance is issued by the Administration Commission, these amendments may nevertheless be made effective by adoption at a public meeting after public notice of a resolution affirming their effective status, a copy of which resolution shall be sent to the Florida Department of Community Affairs, Division of Resource Planning and Management, Plan Processing Team. This ordinance was advertised in the Press -Journal on the 18th day of October, 2010, for a public hearing held on the 2nd day of November, 2010, at which time it was moved for adoption by Commissioner Davi s seconded by Commissioner F1 escher , and adopted by the following vote: Peter D. O'Bryan, Chairman Aye Bob Solari, Vice Chairman Aye Wesley S. Davis, Commissioner Aye Gary C. Wheeler, Commissioner qye Joseph E. Flescher, Commissioner Aye 2 of 3 ORDINANCE NO. 2010 - 024 BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY so ' BY: �� Peter D. 0' Bryan , ClVirman i ATTEST BY: Jeffrey K. Barton, Cle This ordinance was filed with the Department of State on the following date: APPROVED AS TO FORM AND LEGAL SUFFICIENCY S. Polackwich; AS TO PLANNING MATTERS E RobertM.Weati Community DeN FACommunity Development\Users\LONG RANGE\CompPlan Amendments\CIE\2010\Ordinance - CIE 2010.doc 3 of 3 Indian River County 2030 Comprehensive Plan Aft ■ . w Indian River County Community Development Department Supplement #_; Adopted November _, 2010, Ordinance 2010 - Exhibit A Comprehensive Plan Capital Improvements Element TABLE OF CONTENTS Listof Figures................................................................................................................................. ii Listof Tables ................................................................................................................................. iii Introduction..................................................................................................................................... I ExistingConditions ......................................................................................................................... 2 FinancialResources ................................................................................................................. 2 Expenditures.......................................................................................................................... 19 Existing Outstanding Debt ..................................................................................................... 22 Local Policies and Practices .................................................................................................. 24 Analysis.......................................................................................................................................... 27 Analysis of the Timing and Location of Capital Improvements ............................................27 NeedsAssessment ................................................................................................................. 34 FiscalAssessment .................................................................................................................. 36 FiscalAssessment Summary ................................................................................................. 42 Concurrency Management Plan .................................................................................................... 42 ProjectApplicability .............................................................................................................. 43 ServiceStandards .................................................................................................................. 43 Demand.................................................................................................................................. 44 Availabilityof Capacity ......................................................................................................... 46 Regulation.............................................................................................................................. 49 MonitoringSystem ................................................................................................................ 49 Applicability.......................................................................................................................... 51 Goal, Objectives and Policies ....................................................................................................... 52 Implementation, Evaluation, and Monitoring............................................................................... 61 Implementation.......................................................................................................................... 61 Evaluation and Monitoring Procedures ..................................................................................... 63 APPENDIXA: FIVE-YEAR SCHEDULE OF CAPITAL IMPROVEMENTS ............................... 66 APPENDIX B: 2030 R OA D WA Y IMPROVEMENT PLAN........................................................... 87 APPENDIX C.- SCHOOL DISTRICT OF INDIAN RIVER CO UNTY CAPITAL IMPROVEMENTSSCHEDULE .................................................................................................... 90 APPENDIX D: SCHOOL DISTRICT OF INDIAN RIVER COUNTY SUMMARY OF ESTIMATEDREVENUE ............................................................................................................... 92 Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- - 1 Comprehensive Plan Capital Improvements Element List of Figures Figure Title Page 6.1 Ad Valorem Tax Revenue 3 6.2 Enterprise Fund Revenue 3 6.3 User Fees and Charges 4 6.4 Special Assessment Revenue 5 6.5 Impact Fee Revenue 5 6.6 Local Discretionary Sales Surtax 6 6.7 Tourist Development Tax 7 6.8 Local Option Fuel Tax 9 6.9 Franchise Fee/Tax Revenue 10 6.10 Half -Cent Local Government Sales Tax 13 6.11 County Revenue Sharing 14 6.12 Constitutional Fuel Tax Funds 15 6.13 County Fuel Tax 15 6.14 Alcoholic Beverage License Tax 16 6.15 Mobile Home License Tax 17 6.16 Distribution of Revenue by Category 19 6.17 General Expenditures by Function 21 6.18 Future Capital Improvements Expenditures 36 Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ ii Comprehensive Plan Capital Improvements Element List of Tables Table Title Page 6.1 Indian River County Sources of Funds (FY 07/08) 2 6.2 Optional Tourist Taxes on Transient Rental Facilities 8 6.3 Local Fuel Tax Rates 10 6.4 Indian River General Revenues by Source 18 6.5 Indian River County Expenditures by Function 19 6.6 Indian River County Existing Long Term Debt 23 6.7 Overall General Revenue Projection Summary 30 6.8 Earmarked Projected Revenue by Comprehensive Plan Element 31 6.9 Indian River County Tax Base and Millage Projections 31 6.10 Concurrency Links Report for Transportation Projects with Deficient Links 33 6.11 Concurrency Links Report for Removed Priority Transportation Projects 34 6.12 Future Capital Improvement Expenditures for Indian River County 35 6.13 Indian River County General Expenditures Projection Summary 37 6.14 Projected Expenditures for Water, Sewer, and Solid Waste 38 6.15 Indian River County Overall Operating Cost Projections 38 6.16 Indian River County Estimated Ability to Raise Bonds Without 39 Public Vote 6.17 Indian River County Bond Schedule 40 6.18 Service Level Measures for Concurrency Related Facilities 44 6.19 Monitoring System Design 50 6.20 Monitoring System Tasks 51 6.21 Capital Improvements Element Implementation Matrix 62 6.22 Capital Improvements Element Evaluation Matrix 64 Community Development Department Indian River County Supplement #—; Adopted November _, 2010, Ordinance 2010- - iii Comprehensive Plan Capital Improvements Element Introduction The Capital Improvements Element (CIE) summarizes the needed capital facilities identified in the other comprehensive plan elements and describes the financial means by which these facilities are to be funded. This element demonstrates the economic feasibility of the entire comprehensive plan and prioritizes the funding of all the public facilities identified in the other comprehensive plan elements based on the level of need and the availability of funds. For purposes of this element, a capital improvement is a substantial facility (land, building, or major equipment) that costs at least $100,000 and which is required to maintain adopted level -of -service standards or to meet objectives identified in the county's comprehensive plan. Included in the CIE are an existing conditions section, an analysis section, a concurrency management section, a goals, objectives, and policies section, and an implementation section. Financial resources and existing local policies and practices are discussed in the existing conditions section. The fiscal condition of both the county and its comprehensive plan, as well as other issues concerning capital improvement projects, are assessed in the analysis section of this element. The administrative framework for maintaining public facility service levels is addressed in the concurrency management section, while the county's overall capital improvements strategy is discussed in the goals, objectives and policies section. Finally, a 5 -Year Schedule of Capital Improvements, as well as monitoring and evaluation programs, can be found in the implementation section of this element. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 1 Comprehensive Plan Capital Improvements Element Existing Conditions Financial Resources One of the chief functions of the Capital Improvements Element is to inventory the major sources of revenue available to the county. These revenue sources determine the county's capability to fund needed capital improvements. Table 6.1 lists the county's local, state, and federal revenue sources and indicates the amount of revenue collected from each source during FY 2008/09. Table 6.1 also shows the percentage distribution of total revenue received by Indian River County for each of the revenue sources. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 2 Table 6.1: Indian River County Revenue Sources (FY 2008/09) Federal Sources State Sources Local Sources Amount ($1,000) % of Total Revenue Amount ($1,000) % of Total Revenue Amount ($1,000) % of Total Revenue Various Grants $12,859 5.48% Local Government Half -Cent Sales Tax $7,000 2.99%$94,397 Ad Valorem Taxes 40.26% Total Federal $12,859 5.48% County Revenue Sharing $2,558 1.09% Enterprise Funds $41,531 17.71% Constitutional Fuel Tax County Fuel Tax Alcoholic Beverage License Tax Pari-Mutuel Tax Mobile Home License Tax Various Grants Total State $1,575 $690 $50 $447 $108 $8,633 $21,061 0.67% 0.29% 0.02% 0.19% 0.05% 3.68% 8.98% User Fees and Charges $16,853 7.19% Special Assessments $487 0.21% Impact Fees $2,054 0.88% Local Discretionary Sales Surtax $13,023 5.55% Tourist Development Tax $1,294 0.55% Local Option Fuel Tax $3,200 1.36% Franchise Tax $9,670 4.12% Interest Income $9,788 4.17% Other $8,278 3.53% Total Local $200,575 85.53% Total All Sources $234,495 100.00% Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 2 Comprehensive Plan Capital Improvements Element Local Sources Local sources consist of revenues that are levied, collected and disbursed at the local level solely at the discretion of Indian River County. These local sources are shown in table 6. 1, and are described in further detail below. • Ad Valorem Taxes (Property Taxes) Ad Valorem taxes are taxes levied on the assessed value (net of any exemptions) of real and personal property. This tax is commonly referred to as "property tax." Ad valorem taxes are generally assessed in mills; that is, thousandths of a dollar of assessed value. The state mandated millage cap is 10 mills per local government, excluding voted millages. In FY 2008/09, Indian River County applied an aggregate millage rate of 5.1628. According to County policy, ad valorem taxes may be used for both operating and capital project expenditures. Table 6.1 shows that, in FY 2008/09, Indian River County collected approximately $94,397,000 in ad valorem taxes. Ad valorem taxes represented 40.26% of all revenues collected by Indian River County in FY 2008/09. Figure 6.1 displays the ad valorem tax revenue collected by Indian River County over the last six fiscal years. During that time period, ad valorem tax revenue increased 34.60%. Figure 6.1: Ad Valorem Tax Revenue $120,000- $99,687 $9s az7 $100,000 $94,397 $84,914 $80,000 $74,179 $70,134 $60,000 $40,000- $20,000 $0-- 2004 2005 2006 2007 2008 2009 ■ Revenue (in thousands) Source: Indian River County Finance Department Figure 6.2: Enterprise Fund Reserve $60,000- 8 $49,824 $50,000 $46,114 $44,6n $40,447 $41,`x31 $40,000- $30,000- $20,000 40,000$30,000$20,000 - $10,000 $0-- 2004 2005 2006 2007 2008 2009 ® Revenue (in thousands) Source: Indian River County Finance Department Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 3 Comprehensive Plan Capital Improvements Element • Enterprise Funds Within governmental entities, various departments often exist that provide goods and services to the public in a manner similar to the private sector. Such departments, classed under the general title "enterprise funds," must raise revenues from outside the government sector. Enterprise departments assess a fee to the customer using the goods or services provided by that department. In Indian River County, the Utility System, Solid Waste Disposal District, Golf Course, and Building Division are enterprises. Table 6.1 shows that enterprise fund revenue represented 17.71% of Indian River County's total source of funds for FY 2008/09. Figure 6.2 displays the enterprise fund revenue collected by Indian River County over the last six fiscal years. During that time period, enterprise fund revenue increased 2.68%. • User Fees and Charges User fees and charges represent revenue received by the county for providing various general services. User fees and charges are necessary because taxes alone cannot totally keep up with the increasing costs of services. This category includes fees collected by the Tax Collector's Office, the Clerk of the Circuit Court, the Property Appraiser's Office, the Sheriffs Department, and the Recreation and Parks Department. This category also includes other miscellaneous user fees charged by the county for general services not financed by other fund sources. In FY 2008/09, user fees and charges represented 7.19% of all funds collected by Indian River County. ® Revenue (in thousands) Figure 6.3 displays user fees and charges collected by Indian River County over the Source: Indian River County Finance Department last six fiscal years. During that time period, revenue from user fees and charges varied, but overall increased 17.99%. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 4 Comprehensive Plan Capital Improvements Element • Special Assessments Special assessments are compulsory payments levied on real property for specific benefits generated by public investments or services; the assessment levied must fairly reflect the actual costs of the improvements. County revenues which fall under the general category of special assessments consist of street paving assessments, street lighting district assessments, as well as assessments for water, sewer, and drainage improvements. Expenditures of special assessment revenue are restricted to public improvement projects that directly benefit the property owner or payee. For example, street paving assessment revenues must be spent on paving streets that directly benefit the payer of the assessment. Special Assessment funds represented 0.21% of county funds for FY 2008/09 as shown in table 6.1. Figure 6.4 displays the revenue collected by Indian River County through special assessments over the last six fiscal years. • Impact Fees An impact fee is a one time charge, fee, or assessment levied as a condition of subdivision or site plan approval, building permit issuance, certificate of occupancy issuance, or other development or construction approval when the revenues collected are intended to fund the costs of capital improvements for any public facilities. Figure 6.4: Special Assessments Revenue $600 $ ssz $500 $494 $487 $400 $392 $377 $ 345 $300 $200 $100 $- 2004 2005 2006 2007 2008 2009 ■ Revenue (in thousands) Source: Indian River County Finance Department Figure 6.5: Impact Fee Revenue $40,000 $3s,2s7 $35,000 $30,000 $ 24,634 $25,000 $20,000 $15,000 — $ ,4 10 $10,000 $7,007 $ 5,432 $5,000 $z,osa 2004 2005 2006 2007 2008 2009 ■ Revenue (in thousands) Source: Indian River County Finance Department Since 1986, Indian River County has levied traffic impact fees on new development projects. In June of 2005, Indian River County began to levy 8 new impact fees. At the same time, the County Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 5 Comprehensive Plan Capital Improvements Element increased the existing traffic impact fee rates. The nine impact fees include: traffic, emergency services, parks and recreation, public schools, solid waste, correctional facilities, law enforcement, libraries, and public buildings. On March 3, 2009, the Board of County Commissioners considered several alternatives to reduce impact fees for the purpose of stimulating economic development in the county. After discussion, the Board decided to suspend collection of five of the county's nine impact fees for six months. The five suspended impact fees are: emergency services, correctional facilities, public buildings, law enforcement, and solid waste. On September 22, 2009 and again on March 16, 2010 the Board of County Commissioners voted to further extend the suspension of the five impact fees. The current suspension of impact fees will expire on March 31, 2011. Figure 6.5 shows the substantial increase in impact fee revenues related to the addition of the eight new impact fees and the increase in traffic impact fee rates. In FY 2003/04, traffic impact fees represented 5.17% of funds collected by Indian River County. In contrast, traffic impact fees and the eight additional impact fees represented 14.31 % of funds collected by Indian River County for FY 2004/05. Since FY 2004/05, impact fee funds have dramatically declined with the slowing economy and the suspension of five of the impact fees. Local Discretionary Sales Surtax Pursuant to s. 212.055, F.S, local governments are authorized to levy numerous types of local discretionary sales surtaxes. Under the provisions of s. 212.054, F.S., the local discretionary sales surtaxes apply to all transactions subject to the state tax imposed on sales, services, rentals, admissions, and other authorized transactions. The surtax is computed by multiplying the rate imposed by the county where the sale occurs by the amount of the taxable sale. This sales tax can be levied on most transactions under $5,000. Under this category, Indian River County is eligible to impose a Local Government Infrastructure Surtax of either 0.5% or Figure 6.6: Local Discretionary Sales Surtax $18000 , $16,000 $15,583 $15,736 $ Y3,550 $14,000 $12,850 $13,714 $13,023 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 2004 2005 2006 2007 2008 2009 ® Revenue (in thousands) Source: Indian River County Finance Department 1.0% and a School Capital Outlay Surtax of up to 0.5%. Currently, Indian River County imposes only the 1.0% Infrastructure Surtax. Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 6 Comprehensive Plan Capital Improvements Element According to state law, the Local Government Infrastructure Surtax must be enacted by a majority vote of the Board of County Commissioners and approved by voters in a countywide referendum. This surtax, which may be imposed for a maximum period of fifteen years, was initiated by Indian River County in April, 1989, and was renewed by voters in November, 2002. Generally, the proceeds must be expended to finance, plan, and construct infrastructure; to acquire land for public recreation or conservation or protection of natural resources; and to finance the closure of local government-owned solid waste landfills that are already closed or are required to close by order of the Department of Environmental Protection. Table 6.1 shows that local sales surtax revenue represented 5.55% of all funds collected by Indian River County in FY 2008/09. Figure 6.6 displays the Local Discretionary Sales Surtax revenue received by Indian River County over the last six fiscal years. This local revenue source increased by 35% over that period. Distribution of surtax proceeds is based on the specifics of an interlocal agreement or through a formula based on population. In Indian River County, Local Infrastructure Surtax revenue is distributed to county government and municipal governments through a formula based on population. Currently, twenty-one of the sixty-seven Florida counties levy a Local Government Infrastructure Surtax. Within Indian River County's region, Brevard, Palm Beach, and St. Lucie counties do not levy the surtax, while Martin County levies a 0.5% infrastructure surtax. Okeechobee County is eligible to levy the infrastructure surtax, but instead levies a Small County Surtax of I%, which is another local discretionary sales surtax. Tourist Development Tax Any county in the state may, subject to a vote of the citizenry, impose a Tourist Development Tax. The transient rental trade is the primary base for the levy of the tourist tax. Any lodging agreement for six months or less is subject to the tax. Generally, the tourist tax levy is one or two percent. Counties, however, may set an additional one percent above the original tax through an extraordinary vote of the governing board or by referendum. Currently, Indian River County imposes the original two percent tourist tax as well as an additional one percent Figure 6.7: Tourist Development Tax Revenue $1,800 $1676 $15 i7 $1585 $1,600 $1449 $1,400 $1294 $1,200 $1082 $1,000 $800 $600 $400 $200 $- 2004 2005 2006 2007 2008 2009 ■ Revenue (in thousands) Community Development Department Source: Indian River County Finance DepaAq&n River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 7 Comprehensive Plan Capital Improvements Element tax. Sixty Florida counties out of sixty-seven total counties currently levy a tourist tax. Of those sixty counties, forty-three counties, including Indian River County, impose an additional one percent tourist tax. Table 6.2 displays the tourist taxes imposed in counties that are geographically proximate to Indian River County. Compared to neighboring counties, Indian River County imposes a similar level of tourist taxes. Brevard, Palm Beach, and St. Lucie Counties have the highest tourist tax levy of the six counties listed (5.0%). Indian River County and Martin County each have a tourist tax rate of 4.00%. Okeechobee County has the lowest tourist tax levy. ----- a ------ �v vv as L11a11\V1aL1V11J, Lv%,ai VVv%;an 1G11L11110.11Li10.11111VmiaL1V11 Handbook. October 2010. The Local Option Tourist Tax can be used for the following purposes: (1) Acquire, construct, operate, and promote one or more publicly owned and operated convention centers, such as sports stadiums, coliseums, or auditoriums within the district that the tax is imposed; (2) Promote and advertise tourism nationally, internationally, and in the State of Florida; (3) Fund convention bureaus and other tourist information bureaus as county agencies or by contract with the Chamber of Commerce or similar associations in the county; Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 8 iaxrrancnise Facility,Tax Tax Levy Brevard 2.00% 1.00% 1.00% 1.00% 5.00% 5.00% Indian River 2.00% 1.00% 1.00% ---------- 5.00% 4.00% Martin 2.00% 1.00% 1.00% ---------- 5.00% 4.00% Okeechobee 2.00% 1.00% - - -- ------ - 5.00% 3.00% Palm Beach 2.00% 1.00% 1.00% 1.00% 5.00% 5.00% St. Lucie 2.00% 1.00% 1.00% 1.00% 5.00% 5.00% Shading indicates those counties eligible to impose a particular tax ----- a ------ �v vv as L11a11\V1aL1V11J, Lv%,ai VVv%;an 1G11L11110.11Li10.11111VmiaL1V11 Handbook. October 2010. The Local Option Tourist Tax can be used for the following purposes: (1) Acquire, construct, operate, and promote one or more publicly owned and operated convention centers, such as sports stadiums, coliseums, or auditoriums within the district that the tax is imposed; (2) Promote and advertise tourism nationally, internationally, and in the State of Florida; (3) Fund convention bureaus and other tourist information bureaus as county agencies or by contract with the Chamber of Commerce or similar associations in the county; Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 8 Comprehensive Plan Capital Improvements Element (4) Finance beach development and restoration as well as shoreline protection and restoration of inland lakes and rivers to which there is public access; (5) Construct, improve, maintain, and promote museums, zoos, fishing piers, or nature centers which are publicly owned and operated either by the county or a not-for-profit organization which opens the facilities to the public (applicable to those counties with a population less than 500,000); (6) Pledge the revenues to secure and liquidate revenue bonds issued by the county, subject to certain limitations. Figure 6.7 shows the Tourist Development Tax revenue received by Indian River County over the last six fiscal years. During that time period, tourist tax revenue received by Indian River County fluctuated based on market conditions, but had an overall increase of 19.59%. Local Option Fuel Tax Local governments are authorized to levy up to twelve cents of local option fuel taxes in the form of three separate levies. These levies are: ➢ a one to six cent local option fuel tax; ➢ a one to five cent local option fuel tax; and ➢ a ninth cent fuel tax. Indian River County currently imposes the full six cents of the one to six cent fuel tax. This tax applies to every net gallon of motor and diesel fuel sold within a county. The one to six cent fuel tax may be authorized by an ordinance A t d bt f +1k Figure 6.8: Local Option Fuel Tax Revenue $3,400 $3,367 $3,324 $3,319 $3,300 $ 3'290 $ 3,200 $3,200 $3,100 $ 3,043 $3,000 $2,900 $2,800 2004 2005 2006 2007 2008 2009 ® Revenue (in thousands) GL op %, y a mai%JL Ly vo e o e governing Source: Indian River County Finance Department body or voter approval in a county -wide referendum. Generally, the proceeds may be used to fund transportation expenditures. Table 6.1 shows that local option fuel tax revenue represented 1.36% of all funds collected by Indian River County for FY 2008/09. Figure 6.8 shows that local option fuel tax revenue for the county has decreased overall by 3.73% from what it was in Fiscal Year 2004. Even though local option fuel tax revenues were less in fiscal year 2009 than what they were in fiscal year 2004, the county received a significant increase in local option fuel tax revenue in fiscal years 2005 through 2007. This was largely associated with the building boom. Community Development Department Indian River County Supplement # ; Adopted November _, 2010, Ordinance 2010-_ 9 Comprehensive Plan Capital Improvements Element All sixty-seven Florida counties levy a portion of the original local option fuel tax. Sixty-five counties levy the full $0.06, while the remaining two counties levy a portion of the tax. Table 6.3 shows the local fuel taxes levied in Indian River County and in other counties in the region. Saint Lucie, Martin, Okeechobee, and Palm Beach counties levy the highest fuel taxes at $0.12 per gallon. Those four counties impose both the Ninth Cent Fuel Tax and the One to Five Cent Local Option Fuel Tax. While Indian River County is eligible to levy the Ninth -Cent Fuel Tax and the One to Five Cent Local Option Fuel Tax either by extraordinary vote of the Board of County Commissioners or by voter approval in a countywide referendum, it does not currently levy either tax. At this time, fifty-one of the sixty-seven Florida counties levy the Ninth -Cent Fuel Tax, while twenty-four of the sixty-seven Florida counties impose at least a portion of the One to Five Cent Local Option Fuel Tax. Source: Florida Legislative Committee on Intergovernmental Relations, Local Government Financial Information Handbook. October 2010. • Franchise Fee/Tax Counties and municipalities may exercise their home rule authority to impose a fee upon a utility for the grant of a franchise and the privilege of the utility using the local government's rights-of-way to conduct the utility's business. Franchise fees are typically levied through a franchise agreement negotiated between the local government and the utility provider. Indian River County receives franchise revenue from electric, water, sewer, garbage, and cable television franchises. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 10 Table 6.3: Local Fuel Tax hates , County One to Six Cent One to Five Cent Local Option Fuel Local Option Fuel Ninth Cent Fuel'Tax Total Local Fuel Tax Tax Tax Brevard $0.06 -------- -------- $0.06 Indian River $0.06 -------- -------- $0.06 Martin $0.06 $0.05 $0.01 $0.12 Okeechobee $0.06 $0.05 $0.01 $0.12 Palm Beach $0.06 $0.05 $0.01 $0.12 St. Lucie $0.06 $0.05 $0.01 $0.12 Source: Florida Legislative Committee on Intergovernmental Relations, Local Government Financial Information Handbook. October 2010. • Franchise Fee/Tax Counties and municipalities may exercise their home rule authority to impose a fee upon a utility for the grant of a franchise and the privilege of the utility using the local government's rights-of-way to conduct the utility's business. Franchise fees are typically levied through a franchise agreement negotiated between the local government and the utility provider. Indian River County receives franchise revenue from electric, water, sewer, garbage, and cable television franchises. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 10 Comprehensive Plan Capital Improvements Element Table 6.1 shows that franchise fee revenue represented 4.12% of all funds collected by Indian River County in FY 2008/09. Figure 6.9 shows that over the last six fiscal years franchise fee revenue collected by Indian River County increased 43.90%. • Other Miscellaneous Revenue Included in this category are various administrative fees, licenses and permits, fines, interest income, rental income, private contributions, and other miscellaneous revenues. This source of revenue for Indian River County represented 3.53% of all funds collected in FY 2008/09. • Borrowing As needed, the county uses borrowing as a financing vehicle to raise money for public purposes that are beyond the realm of current cash reserves, operating revenue and Figure 6.9: Franchise Fee/Tax Revenue $12,000 $10,000 $9,318 $ 9,733 $ 9,443 $ 9,670 1 $8,000 $ 7,94 $ 6,720 $6,000 $4,000 $2,000 2004 2005 2006 2007 2008 2009 ® Revenue (in thousands) reasonable taxation. Currently, borrowing Source: Indian River County Finance Department money to pay for capital improvements can be done through either short-term or long-term financing. Short term financing is usually accomplished by the use of bond pools, notes, private placements with banks, and the public placement of Voted General Obligation debt. Long term financing is usually achieved through the issuance of bonds sold on the public market. According to state law, local governments may sell bonds for capital improvements without a referendum of the voters if the pledge used for the bond is a non -ad valorem revenue source. Conversely, any bond issue pledging ad valorem taxes requires approval through a voter referendum. General Obligation Bonds are bonds that are secured by the full faith and credit of the county. These bonds are secured by a pledge of the issuer's ad valorem taxing power. According to state law, the amount of ad valorem taxes necessary to pay the debt service on general obligation bonds is not subject to the constitutional property tax millage limits. Such bonds constitute debts of the issuer and require approval through a voter referendum prior to issuance. Revenue bonds are bonds payable from a specific source of revenue, where the full faith and credit of the issuer is not pledged to repay the bonds. Because revenue bonds are payable from identified sources of revenue, bond holders may not compel taxation or legislative appropriation of funds for Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 11 Comprehensive Plan Capital Improvements Element payment of debt service. Pledged revenues may be derived from operation of financed projects, grants, or other specified non -ad valorem taxes. A public referendum is not required prior to issuance or validation of such obligations. In the past, the county has issued revenue bonds to finance improvements to its sanitary sewer, potable water, and golf course facilities. In addition, revenue bonds have been issued by the Housing Authority to finance the provision of more low-income housing units in the county. Also, revenue bonds have been issued to finance the cost of construction of various capital improvement projects. Deposits from bond revenues are put into the respective bond fund accounts for these projects, whereby funds are specifically designated for a particular project, and user charges are used to pay off the debt. Special assessment bonds are bonds issued to pay for capital improvements that impact specific areas or groups of property owners. Proceeds from the assessments levied against benefiting property owners are used to pay off the bond debt. The issuance of these bonds does not need to be approved by voter referendum. Revenue bonds and special assessment bonds are similar in nature, except that special assessment bond debt is paid -off by assessments levied against benefiting property owners and not from ongoing user charges. The county has issued special assessment bonds for solid waste disposal. The issuance of tax anticipation or bond anticipation notes is an example of a short-term (less than five years) method of financing. Notes usually have higher interest rates than bonds and have shorter maturity dates than bonds. Tax anticipation notes are issued in advance of a new fiscal year to cover gaps in the budget before property taxes are received, while bond anticipation notes are issued in anticipation of the receipt by the county of proceeds from the sale of corresponding future bond issues. The county currently has no outstanding tax or bond anticipation notes. • Additional Optional Local Revenue Sources Use of additional revenue sources may occasionally be necessary, depending on priorities mandated by the Board of County Commissioners and the availability of existing revenue sources. Indian River County has two options to increase local revenues. These are to implement new taxes that are permitted by state regulation and/or to increase existing taxes and fees that are imposed by the county. Additional local revenue sources available to Indian River County include the Ninth Cent Fuel Tax, the One to Five Cent Local Option Fuel Tax, and the Professional Sports Franchise Facility Tax. Both the Ninth Cent Fuel Tax and the One to Five Cent Local Option Fuel Tax are taxes on the purchase of fuel. With the Ninth Cent Fuel Tax, a one cent per gallon tax on motor fuel and special fuel can be levied on fuel purchases in the county. Revenue from the Ninth Cent Fuel Tax may be shared with municipalities, but counties are not required by law to share the proceeds. Authorized Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 12 Comprehensive Plan Capital Improvements Element uses for revenue collected from the Ninth Cent Fuel Tax include paying the costs and expenses of establishing, operating, and maintaining a transportation system and related facilities. Additional uses include funding the acquisition, construction, reconstruction, and maintenance of roads. The One to Five Cent Local Option Fuel Tax is a one to five cents tax that can be levied upon every gallon of motor fuel sold in Indian River County. Revenues from this fuel tax must be shared among all eligible jurisdictions in the county as a result of an interlocal agreement or by an historical transportation expenditures formula. Authorized uses for revenue collected from the One to Five Cent Fuel Tax include transportation expenditures needed to meet the requirements of the Capital Improvements Element of the Comprehensive Plan. A Professional Sports Franchise Facility Tax is a levy of up to I% on any lodging agreement for six months or less. Revenue from this tax may be used to pay the debt service on bonds issued to finance the construction, reconstruction, or renovation of a professional sports franchise facility. State Sources Revenue classified as state sources may be generated locally but collected by the state and returned to the county. For example, state sources may originate from state general revenues and be shared by the state according to state revenue allocation formulas. Table 6.1 displays the state revenue sources applicable to Indian River County. These sources are described in further detail below. • Local Government Half -Cent Sales Tax The Local Government Half Cent Sales Tax Program allocates 8.814% of net sales tax proceeds remitted by sales tax dealers in a county to a special account administered by the Department of Revenue; this account is the Local Government Half Cent Sales Tax Clearing Trust Fund. These funds are then earmarked for distribution to the governing body of the county and each municipality within the county. Distribution of these monies within the county is determined by a formula that uses a weighting factor based on the population of the incorporated and unincorporated areas and multiplies this factor by 8.814% of the sales tax proceeds received for the county. In FY 2008/09, Indian River County received $7,000,000 through the half - Figure 6.10: Half Cent Sales Tax Revenue $10,000 $9,000 $ 8,747 $ 8,777 $ 8,123 $8,000 $7,564 $7,588 $7,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $- 2004 2005 2006 2007 2008 2009 ® Revenue (in thousands) Source: Indian River County Finance Department Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 13 Comprehensive Plan Capital Improvements Element cent sales tax. As shown in table 6. 1, that amount represented 2.99% of all funds collected by Indian River County during the 2008/09 fiscal year. Figure 6.10 displays the funds made available to Indian River County through the half -cent local government sales tax over the last six fiscal years. Over those six fiscal years, Indian River County's half -cent sales tax revenue decreased 7,46%. Occasionally, governments can receive supplemental distributions by meeting special eligibility criteria; however, in no case can the total supplemental and ordinary distribution exceed the maximum per capita amount allowed by law. Governments are allowed wide latitude in using the half cent sales tax. For counties, the law provides only that half cent sales tax revenue be used for countywide tax relief or countywide programs. • County Revenue Sharing The current structure of the county revenue sharing program consists of two revenue sources. These 0 sources include 2.90 /o of net cigarette tax collections and 2.044% of sales and use tax collections. Proceeds are collected by the state and then distributed to eligible counties based on an allocation formula. There are no use restrictions on the distributed revenue; however, there are some statutory limitations regarding these funds being used as a pledge for indebtedness. To receive distribution proceeds through the county revenue sharing program, counties must meet the following criteria: (1) That law enforcement officers and firefighters are certified and meet state requirements; Figure 6.11: County Revenue Sharing $3,500 $3,118 $3,084 $3,000 $2,894 $2,835 $2,850 $z,ssa $2,500 $2,000 $1,500 $1,000 $500 $- 2004 2005 2006 2007 2008 2009 ® Revenue (in thousands) Source: Indian River County Finance Department (2) That certification of taxable value for a property tax levy is made in a timely and correct manner to the Department of Revenue; (3) That the county's most recent financial reports have been sent to the Department of Banking and Finance, and post audits of these statements and accounts have been provided. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 14 Comprehensive Plan Capital Improvements Element Table 6.1 shows that county revenue sharing funds represented 1.09% of all funds collected by Indian River County in FY 2008/09. Figure 6.11 shows that, over the last six fiscal years, county revenue sharing proceeds received by Indian River County varied over time, but overall decreased by 11.61 %. • Constitutional Fuel Tax Constitutional fuel tax is defined as an excise or license tax of two cents per gallon imposed upon the first sale or first removal from storage (after importation into Florida) of motor fuel. Revenues from this levy become state funds at the time of collection by the refiner, importer or wholesaler. In its current form, the constitutional fuel tax is a state -shared revenue source for counties only. Applying a distribution formula, the state allocates proceeds to counties to the extent necessary to comply with all obligations to or for the benefit of holders of bonds, revenue certificates, and tax anticipation certificates or any refunds secured by any portion of the tax proceeds. After complying with the necessary debt service obligations, the state distributes a county's surplus funds to its governing body. Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.67% of total revenue received by Indian River County in FY 2008/09. Figure 6.12 shows that, over the last six fiscal years, constitutional fuel tax revenue received by Indian River County decreased 5.35%. • County Fuel Tax The county fuel tax is levied on motor fuel at the rate of one cent per net gallon. The FIGURE 6.12: Constitutional Fuel Tax Revenue $1,800 $'I763 $1,750 $1726 $1,715 $1,700 $ t664 $1,650 $ 1615 $1,600 $1575 $1,550 $1,500 $1,450 2004 2005 2006 2007 2008 2009 ■ Revenue (in thousands) Source: Indian River County Finance Department Figure 6.13: County Fuel Tax $800 $779 $Iso $Iso $760 $757 $ 742 $740 $720 $710 $700 $690 $680 $660 $640 2004 2005 2006 2007 2008 2009 ® Revenue (in thousands) Source: Indian River County Finance Department Community Development Department Supplement #_; Adopted November _, 2010, Ordinance 2010-_ Indian River County 15 Comprehensive Plan Capital Improvements Element legislative intent of this tax is to reduce a county's reliance on ad valorem taxes. Funds received from this tax can be used by a county for transportation -related expenses, including the reduction of bond indebtedness incurred for transportation purposes. Table 6.1 shows that funds received through the county fuel tax levy represented 0.29% of all revenue collected by Indian River County in FY 2008/09. Figure 6.13 shows that, over the last six fiscal years, county fuel tax revenue received by Indian River County decreased 7.01 %. Alcoholic Beverage License Tax Alcoholic beverage license taxes are levied on manufacturers, distributors, vendors, and sales agencies of alcoholic beverages in Florida. The tax is administered, collected, enforced, and distributed to local governments by the Division of Alcoholic Beverages and Tobacco within the Department of Business and Professional Regulation. Twenty-four percent of the license taxes imposed on the sale of beer, wine and liquor collected within a county is returned to the county Tax Collector. The remaining funds are used to operate the division and contribute to the operation of the Office of the Secretary of Business Regulation. Figure 6.14: Alcoholic Beverage License Tax $60 $ 5a $50 $51 $49 $50 $50 $aa $40 $30 $20 $10 $- 2004 2005 2006 2007 2008 2009 ■ Revenue (in thousands) Source: Indian River County Finance Department Table 6.1 shows that the county received approximately $50,000 from this tax in FY 2008/09, 0.02% of all revenue received by Indian River County. Figure 6.14 shows that, over the last six fiscal years, alcoholic beverage license tax revenue received by Indian River County fluctuated, but overall remained about the same. Pari-Mutuel Tax Revenue generated through license fees and taxes related to Pari-Mutuel betting is deposited into the Pari-Mutuel wagering trust fund. According to Florida Statutes, a guaranteed entitlement of $29,915,500 is deducted from the trust fund for equal distributions among Florida's sixty-seven counties, providing each county's general revenue fund with $446,500. Table 6.1 shows that revenue received from the Pari-Mutuel tax represented 0.19% of revenues received by Indian River County in FY 2008/09. Uses for this revenue are determined by the Board of County Commissioners. Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 16 Comprehensive Plan Capital Improvements Element • Mobile Home License Tax An annual license tax is levied on all mobile homes and park trailers, and on all travel trailers and fifth -wheel trailers exceeding thirty-five feet in body length. The license taxes, ranging from $20 to $80 depending on body length, are collected in lieu of ad valorem taxes. The taxes are collected by the county tax collectors and remitted to the Department of Highway Safety and Motor Vehicles. From each license, two deductions are made. The first is a deduction of $1.50 by the Department of Highway Safety and Motor Vehicles with proceeds deposited into the State General Revenue Fund. The second is a deduction of $1.00 with proceeds deposited into the Florida Mobile Home Relocation Trust Fund. The remaining balance is deposited into the License Tax Collection Trust Fund for distribution to units of local government. A county government is eligible to receive proceeds from this tax if taxable mobile home units are located in its unincorporated area. An authorized use of the proceeds is not specified in the current law. Figure 6.15: Mobile Home License Tax Revenue $160 $tas $140 $120 $ q5 $ p5 $ p5 $105 $100 $80 -- $60 $40 $20 $- 2004 2005 2006 2007 2008 2009 e Revenue (in thousands) Source: Indian River County Finance Department Table 6.1 shows that funds received through the mobile home license tax represented 0.05% of all revenue received by Indian River County in FY 2008/09. Figure 6.15 shows that, over the last five fiscal years, mobile home license tax revenue received by Indian River County remained the same. • Various Grants Table 6.1 shows that funds received in the form of state grants represented 5.48% of funds received by the county in FY 2008/09. State grant funds received by the county in FY 2008/09 originated from the State of Florida Department of Community Affairs, the Florida Housing Finance Agency, the State of Florida Department of Environmental Protection, the State of Florida Department of State Division of Library Services, the State of Florida Department of Transportation, the State of Florida Fish and Wildlife Conservation Commission, the State of Florida Department of Revenue, the Department of Health, the Department of Law Enforcement, and the Department of Agriculture and Consumer Services. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 17 Comprehensive Plan Capital Improvements Element Federal Sources Federal funds are either granted directly to local governments or passed through state agencies for administration and monitoring. These grants are usually distributed on a competitive basis rather than by formula allocations, thereby making projections of future revenues difficult. For the purpose of revenue projections, these sources will be assumed to remain constant. During FY 2008/09, the county received approximately $12,859,000 in federal funds. These funds represented 5.48% of all funds received by Indian River County in FY 2008/09. Overall Revenue Sources As mandated by state statute, the financial resources of the county are categorized according to the state Chart of Accounts. These categories include taxes, licenses and permits, intergovernmental revenue, charges for services, fines and forfeitures, interest, and miscellaneous revenues. Table 6.4 identifies the total amount of historic revenue generated from these sources for fiscal years 2002/2003 through 2007/08. Source: Indian River County Comprehensive Annual Financial Report, 2009 & Indian River County Finance Department Figure 6.16 displays the distribution of revenue by the same categories listed in table 6.4 for each of the last six fiscal years. Community Development Department Indian River County Supplement #_; Adopted November 2010, Ordinance 2010- 18 Table 6A-. Inid an,Rivelr County --Gene evenues,By.Source Fiscal Year, 'Taxes Licenses & Permits::, ; intergovernmental Charges;for r a FneS " " Ivliscllageo Revenue' Seru�c s _� -0 eiiu e5' �usRevennes . Y r© 2003/04 $95,675,370 $1,033,394 $51,487,093 $54,729,505 $1,508,786 $14,545,961 $218,980,109 2004/05 $104,012,925 $1,354,282 $82,604,757 $68,389,360 $1,715,875 $42,170,294 $300,247,493 2005/06 $116,088,548 $1,274,638 $66,278,020 $68,028,618 $2,069,593 $40,182,777 $293,922,194 2006/07 $130,158,069 $896,612 $64,054,273 $65,111,301 $2,403,093 $26,773,753 $289,397,101 2007/08 $119,915,640 $9,904,590 $60,086,565 $63,355,209 $2,137,413 $18,486,026 $273,885,443 2008/09 $113,689,399 $12,433,598 $39,249,261 $58,384,013 $1,792,517 $8,946,401 $234,495,189 Source: Indian River County Comprehensive Annual Financial Report, 2009 & Indian River County Finance Department Figure 6.16 displays the distribution of revenue by the same categories listed in table 6.4 for each of the last six fiscal years. Community Development Department Indian River County Supplement #_; Adopted November 2010, Ordinance 2010- 18 Comprehensive Plan Capital Improvements Element Figure 6.16: Distribution of General Revenues By Category 2004 2005 2006 43.69/o 0.47% ° 34.64% 39.50% 0.43% 0.45% 14.05% 6.64% 27.51% 13.67% 22.55% 0.69% 24.99% 0.57% ° 23.51% 22.78% 0.70 /0 23.15% 2007 44.98% 9.25% 0.31% 0.83% 22.13% 22.50% ■ Taxes ❑ Charges for Services Expenditures 2008 43.78% 3.62% 6.75% 21.94% 0.78% 23.13% ❑ Licenses & Permits ■ Fines & Forfeitures 2009 48.48% 5.30% �:..,. 16.74% 0 3.8 0 24.90% 0.76%711111111 ❑ Intergovernmental Revenue B Miscellaneous Revenues In the previous sub -section, the various revenue and income sources currently utilized by Indian River County were reviewed. This sub -section of the Capital Improvements Element identifies how those monies are allocated to meet the county's needs. Table 6.5 presents the county's overall general expenditures by category for fiscal years 2003/2004 through 2008/09. ""Table 6.5': Indian River Cotilnty> Ggueral`Governmetlf E endrtures B xFun tii .l *, Fiscal Year ` 2003/04 2b04105 2005106 2006IQ7 2Qb7/0$ -` .20Q8/09 General Government $29,005,917 $30,565,484 $60,435,102 $63,231,330 $30,711,818 $25,801,688 Public Safety $55,792,130 $57,161,390 $66,984,420 $73,275,110 $74,038,252 $74,813,164 Physical Environment $44,317,270 53,990,669 $54,445,121 $82,894,477 $86,515,929 $54,243,069 Transportation $23,038,234 $22,369,128 $31,966,926 $55,039,978 $53,489,116 $40,841,272 Economic Environment $627,914 $712,517 $1,054,239 $968,227 $4,579,574 $653,547 Human Services $7,197,342 $7,279,582 $12,470,222 $13,862,463 $12,619,575 $8,621,760 Culture/Recreation $17,828,311 $24,298,539 $19,977,771 $27,989,515 $24,075,260 $19,624,278 Court Related $6,210,614 $5,630,734 $5,915,727 $6,649,724 $6,940,682 $6,620,830 Debt Service $3,727,534 $3,495,500 $4,406,090 $8,126,643 $7,873,176 $8,068,758 TOTAL 187,745,266 205,503,543 $257,655,618 $332,037,467 $300,843,382 $239,288,366 Source: Indian River County Comprehensive Annual Financial Report, 2009 Community Development Department Supplement #_; Adopted November_, 2010, Ordinance 2010-_ Indian River County 19 Comprehensive Plan Capital Improvements Element Table 6.5 shows expenditures in nine categories. Depending on the county's activities in any given fiscal year, the level of expenditures may fluctuate for certain categories. Figure 6.17 displays the percentage distribution of Indian River County's general expenditures over the last six fiscal years. General Government A major classification of services provided by Indian River County, the general government expenditure category, includes activities undertaken by the legislative and administrative branches of the county government. Departments such as the Board of County Commissioners, County Administrator, Personnel, and Purchasing fall into this category as do all Constitutional Officers, except the Sheriff. As shown in table 6.5, $25,801,688 was spent on general government services in FY 2008/09. Between fiscal years 2003/04 and 2008/09, general government expenditures decreased by 11.05%. General government services represented 10.78% of all county expenses in FY 2008/09. The significant increase in general government expenditures in Fiscal Years 2005/06 and 2006/07 was due to the construction of new public buildings, including the construction of the new county administration building and the expansion of the jail. Public Safety The Sheriff's Department, Fire Services, Advanced Life Support, Emergency Management, and the Medical Examiner fall under the category of Public Safety. As shown in table 6.5, the county, in FY 2008/09, spent $74,813,164 for public safety services. Between fiscal years 2007/08 and 2008/09, public safety expenditures increased by 1.05%. Since FY 2003/04, public safety expenditures have increased by 34.09%. Public safety represented 40.17% of all county expenses in FY 2008/09. Physical Environment This classification encompasses the county's water and waste water utilities, the Solid Waste Disposal District (SWDD), the Soil Conservation District, and the Environmentally Sensitive Land Acquisition Fund. Table 6.5 shows that $54,243,069 was spent on these activities in FY 2008/09. Between fiscal years 2007/08 and 2008/09, physical environment expenditures decreased by 37.30%. Since FY2003/04, physical environment expenditures have increased by 22.40%. Physical environment services represented 22.6% of all county expenses in FY 2008/09. Transportation Departments under this category include Road and Bridge, County Engineering, Secondary Roads Construction, and Traffic Engineering. These departments are responsible for designing, constructing, overseeing, and maintaining the county's roads and drainage systems. As shown in Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 20 Comprehensive Plan Capital Improvements Element table 6.5, the county spent $40,841,272 on transportation facilities in FY 2008/09. Since FY 2003/04, transportation expenditures have increased by 77.28%. Transportation expenses represented 21.93% of all county expenses in FY 2008/09. Economic Environment Included in this category are the costs of providing services which develop and improve the economic condition of the community and its citizens. Veteran Services, the Housing Authority, and the Economic Development Division of the Indian River County Chamber of Commerce undertake this function. Table 6.5 shows that those agencies spent $653,547 on economic environment services in FY 2008/09. Between fiscal years 2006/07 and 2007/08, economic environment expenditures increased by 372.99%. Since FY 2002/03, economic environment expenditures have increased by 684.38%. Economic environment expenses represented 1.89% of all county expenses in FY 2007/08. Figure 6.17: General Government Expenditures by Function 2004 23.6% 29.7% 12.3 0 15.4% 0.3% 2.0/o 0 3.3% 9.5% 3.8% 2007 22.1 25.0% 19.0% 2.4% 4.2°0 16.6% 2.0% 8.4%0.3% © General Government m Transportation B Culture/Recreation Human Services 2005 26.3% 10.9% 27.8%0.3% 3.5% 14.9% 1.7% 2.7/o 0 11.8% 24.6% 2008 28.8% 10.2% 2.6% 2.3% 8.0%4.2% 1.5/o 0 17.8% ■ Public Safety ■ Economic Environment ® Court Related 2006 26.0% 21.1% 23.5% 1.7% 12.4% 2.3% 7.8% 4.8% 0.4% 31.3% 2009 10.8%� 22.7% 3.4% 117.1% 2.8% 8.2% 3.603°0 0.30% o Physical Environment ® Human Services o Debt Service Human Services cover the cost of providing services for the care, treatment, and control of human illness, injury or disabilities, and for the welfare of the community as a whole and its individuals. The Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 21 Comprehensive Plan Capital Improvements Element Health Department, Welfare, Medicaid, and Children's Services fall into this category. Table 6.5 shows that the county spent $8,621,760 on human services in FY 2008/09. Between fiscal years 2007/08 and 2008/09, human services expenditures decreased by 31.68%. Since FY 2003/04, human services expenditures have increased by 19.79%. Human services represented 3.60% of all county expenses in FY 2008/09. Culture/Recreation All costs associated with providing and maintaining cultural and recreational facilities and activities for the benefit of citizens and visitors fit into this category. County libraries, parks, recreation operations, and the golf course are included here. As shown in table 6.5, the county spent $19,624,278 on these services in FY 2008/09. Between fiscal years 2007/08 and 2008/09, cultural/recreation expenditures decreased by 18.49%. Since FY 2003/04, cultural/recreation expenditures have increased by 10.07%. Culture/recreation expenses represented 8.20% of all county expenses in FY 2008/09. Court Related All costs of operating the judicial branch of Indian River County Government are classified here. This category includes the County Court, Circuit Court, State Attorney's Office and Public Defender. As shown in table 6.5, expenditures from this category totaled $6,620,830 in FY 2008/09. Between fiscal years 2007/08 and 2008/09, Court Related expenditures decreased by 4.61 %. Beginning in FY 1997/1998, the State of Florida mandated that the county begin recording Court Related costs as a separate expenditure item. Court Related costs represented 2.77% of all county expenses in FY 2008/09. Debt Service Debt service consists of interest and payments made by the county on its debt. This figure includes principal retirement, interest and other miscellaneous debt service. As table 6.5 indicates, total county debt service expenditures were $8,068,758 in FY 2008/09. Between fiscal years 2007/08 and 2008/09, debt service expenditures increased by 2.48%. Since FY 2003/04, debt service expenditures have increased by 116.46%. Debt service expenses represented 3.37% of all county expenses in FY 2008/09. Existing Outstanding Debt At the end of FY 2009/10, Indian River County's outstanding debt, comprised of revenue bonds and general obligation bonds, stood at $108,815,000. This is shown in table 6.6. In 1993, the county took advantage of lower interest rates and refunded any debt that had reasonable future economic savings. Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010- 22 Comprehensive Plan Capital Improvements Element Enterprise Funds support 48.73% of the overall debt (Utility Dept 45.81 %; and Golf Course 2.92%), leaving $55,790,000 in bonds paid from general governmental funds. In November 2001, Indian River County issued the remaining $11,000,000 of the $26,000,000 Environmentally Sensitive Land Acquisition general obligation bonds originally approved by voters in 1992. Also in 2001, the County issued $16,810,000 in Spring Training Facility Bonds to finance the acquisition and expansion of the Dodgertown spring training facility (now known as the Vero Beach Sports Complex). Two bonds were refinanced in 2003 to take advantage of lower interest rates: the 1993 Series Refunded Recreational Revenue Bonds and the 1995 Series Environmental Lands Acquisition Bonds. Those bonds have since been paid off. In 2004, Indian River County voters approved the issuance of up to an additional $50,000,000 in Environmentally Sensitive Land Acquisition general obligation bonds. As a result, Indian River County issued $48,600,000 in Environmentally Sensitive Land Acquisition general obligation bonds in 2006. Finally, the county refinanced its 1996 Series Water and Sewer Bonds in 2005 and the majority of its 1993 Series A Water and Sewer Bonds in 2009. The County kept a portion of the 1993 Series A Water and Sewer Bonds with a maturity of 2011 because it was more cost efficient than rolling the entire amount into the 2009 Water and Sewer Bonds. Table 6.6: Indian River Cpunty Existing Long Term Debt Amount Average Initial Remaining Inters t Final r Amount'a49f30/201 Rate Maturi ° RondRating Security Pledge Water & Sewer Revenue Bonds: 1993 A Series $47,190,000 5.76% 2011 AAA/FGIC Water & Sewer $1,555,000 (Insured) Revenues o 3.94/0 2022 AAA/FGIC Water & Sewer 2005 Series $27,675,000 $21,925,000 (Insured) Revenues Water & Sewer 2009 Series $26,370,000 $26,370,000 3.68% 2024 AA+/AA Revenues Recreation Revenue Bonds 2001 Series Spring $16,810,000 4.87% 2031 AAA/FGIC State Funds, ''/z Cent Training Facility $12,310,000 (Insured) Sales Tax, Tourist Tax Golf Course Net 2003 Series Income, Fronton Refunding $6,455,000 3.65% 2016 AAA/AMAC Revenue and Recreational $3,175,000 (Insured) Subordinate Lien on Revenue One Half Cent Sales Tax Voted G.O. Bonds Environmental Lands Acquisition $11,000,000 3.89% 2016 AAA/FSA General Obligation 2001 Series $5,210,000 (Insured) Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 23 Comprehensive Plan Capital Improvements Element Table 6.6: Iudian River County Existing Long Term Debt Amount Average Initial Remaining tnterest '.Ra'te Tlnal Bond Rating Amount (7x,09/30/2010 Maturi 'SecurityPledge g Environmental AAA/MBIA Lands Acquisition $48,600,000 $38,270,000 422% 2021 (.sured) General Obligation 2006 Series Total Bonds Outstanding $108,815,000 Source: Indian River County Budget 2010/11. Local Policies and Practices As part of the capital improvements planning process, it is important to do an inventory of current Indian River County policies and practices that guide the timing, location, expansion, or increase in capacity of capital facilities. These policies and practices relate to the county's existing level -of - service standards, impact fee programs, comprehensive plan, and enterprise fund accounts. Existing Level -of -Service Standards Level -of -service (LOS) standards are indicators of the extent or degree of service provided by, or proposed to be provided by, a facility based on and related to the operational characteristics of the facility. Level -of -service standards indicate the capacity per unit of demand of each public facility. Level -of -service standards can affect the timing and location of development by guiding development to areas where facilities may have excess capacity. Indian River County has level -of -service standards for capital facilities as follows: ➢ Correctional Facilities (Countywide) • 4.5 beds per 1,000 permanent plus weighted peak seasonal population ➢ Fire/EMS (Countywide, excluding Indian River Shores) • .089 Stations per 1,000 permanent plus weighted peak seasonal population ➢ Law Enforcement (Unincorporated County) • 2.09 officers per 1,000 permanent plus weighted peak seasonal population ➢ Libraries (Countywide) • 580 building square feet per 1,000 permanent plus weighted peak seasonal population • 3,200 library material items per 1,000 permanent plus weighted peak seasonal population • 0.7 computers per 1,000 permanent plus weighted peak seasonal population Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 24 Comprehensive Plan Capital Improvements Element • 0.2 other library equipment items per 1,000 permanent plus weighted peak seasonal population ➢ Potable Water (County Service Area) • 250 gallons per day per equivalent residential unit ➢ Public Buildings (Countywide) • 1.99 building square feet per capita for permanent plus weighted peak seasonal population ➢ Parks/Recreation (Unincorporated County) • 6.61 acres per 1,000 permanent plus weighted peak seasonal population ➢ Sanitary Sewer (County Service Area) • 250 gallons per day per equivalent residential unit ➢ Schools (School Service Area): • 100 percent of Florida Inventory of School Houses (FISH) capacity for each public school type (elementary, middle, and high). ➢ Solid Waste (Countywide) • 2.2 tons per capita per year or 3.67 cubic yards per capita for permanent plus weighted peak seasonal population per year ➢ Stormwater Management • New drainage systems shall mitigate the impacts of a 25 year/24 hour design rainfall event • Minimum road crown elevation for existing roads shall be raised during resurfacing/rebuilding to the flood elevation resulting from the 2 year/24 hour storm event on local roads • The center two lanes of rebuilt roads must be at or above flood levels resulting from a 10 year/24 hour storm event on Arterial and Collector roads • All drainage basins will meet the following level -of -service standards: • By 2000 - 2 year/24 hour storm event • By 2005 - 5 year/24 hour storm event • By 2010 - 10 year/24 hour storm event ➢ Transportation (Roadways) • Level -of -Service "D" during peak hour, peak season, and peak direction conditions on all TRIP grant funded roads as well as all freeway, arterial, and collector roadways, Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 25 Comprehensive Plan Capital Improvements Element with the exception of the following two, which will operate at level of service "E" plus 20%: • 27th Ave — South County Line to SR 60 • 43`d Ave - Oslo Road to 16th Street For SIS/Florida Intrastate Highway System roadways, level of service `B" is adopted for rural areas, and level of service "C" is adopted for urban areas. ➢ Transit • One-hour headways shall be maintained on all fixed transit routes Level -of -service standards are discussed in further detail in each individual Comprehensive Plan Element. Capital Improvements Program A capital improvements program (CIP) is a program for capital expenditures to be incurred each year over a fixed period of years to meet anticipated capital needs. In Indian River County, the CIP identifies the projects that the county plans to undertake in the next five years and presents an estimate of the costs and the resources needed to finance the projects. Revenue sources within the first year of the CIP reflect current fund balances as well as anticipated annual revenue collection. Within the first three years of the CIP, projects are funded entirely with "committed" revenue sources. "Committed" revenue sources are revenue sources that currently exist. Projects in years four and five of the CIP are funded partially through "planned" revenue sources. "Planned" revenue sources are sources available to the County that have not been utilized. In this case, the one planned revenue source programmed in the CIP is the imposition of an additional six cents of local option gas tax. The Capital Improvements Element (CIE) itself consolidates the capital improvements needs of all elements of the Comprehensive Plan into an overall five-year Capital Improvements Schedule. The overall program lists the needs, costs, timeframes, priorities, and the necessary financial resources to implement the identified capital improvement projects in the various elements of the plan in the next five years. Impact Fees/Capacity Charees Impact fees are charges to developers for off-site improvements that must be provided by the local government to serve new development. This financing technique is one strategy that the county uses for implementing the CIE. Currently, the county has nine impact fees in place; these are traffic impact fees, which became effective in 1986, and eight additional impact fees which became effective in June of 2005. Those eight impact fees are assessed for the following service delivery categories: solid waste, public schools, fire/ems, parks and recreation, correctional facilities, law enforcement, libraries, and public buildings. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 26 Comprehensive Plan Capital Improvements Element In October 1999, the county's water and sewer impact fees were reclassified as capacity charges. A capacity charge is a fee charged to the direct beneficiaries of water and sewer improvements in order to fund the capital cost incurred by the water and wastewater utility to provide capacity to serve new utility customers. Enterprise Funds Enterprise funds are used to account for operations financed and operated in a manner similar to private business enterprises, when the intent of the governing body is that the full costs of providing the service to the general public on a continuing basis be financed or recovered primarily through user charges. Currently, the county operates its solid waste services, golf course facility, building department services, and utility services as enterprise funds. As a tool for affecting the timing and location of development, user charges may be designated to vary with the quantity and location of the service provided. Thus, charges could be greater for providing services further from urban areas, and less for distances closer to urban areas. In this way, user charges could affect the economics of development locating further away from urban areas. Analysis The analysis section of this element assesses the county's historic and projected revenue and expenditure patterns to determine the county's fiscal ability to provide adequate capital improvements. These capital improvements have been identified in other comprehensive plan elements and are needed to meet the demands of existing and future development. As part of this analysis, revenue and expenditure projections are identified and analyzed, and a fiscal assessment of needs (costs) versus projected available revenue is included. Analysis of the Timing and Location of Capital Improvements Objectives and polices from the Future Land Use Element, Potable Water Sub -Element, Sanitary Sewer Sub -Element, Recreation and Open Space Element, Public School Facilities Element, and the Transportation Element, as well as policies followed by the Sheriff's office and County departments such as Emergency Management, Corrections, Libraries, and Solid Waste, have the most direct effect on the timing and location of capital improvements. Through planning for future improvements to the transportation system, the Transportation Element directly affects the development potential of property. Also affecting the development potential of property are the water and sewer connection requirements and the availability of public school capacity. Within the Future Land Use Element (FLUE), the assignment of land use density and intensity, as well as the urban service area regulations, affect the timing and location of capital improvements. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 27 Comprehensive Plan Capital Improvements Element Consistent with the FLUE and urban service area requirements in the county's comprehensive plan, the county provides public facilities and services to promote compact development by emphasizing infill development in urban areas and maximizing the efficiency of existing facilities and services in under utilized areas. The FLUE also limits urban sprawl and ensures that adequate facilities will be present to accommodate future growth. Maximizing the use of existing facilities and controlling urban sprawl will contribute to a cost-effective and efficient service delivery system. Using the county's official Future Land Use Map and Future Thoroughfare Plan Map, as well as the county's water and wastewater connection matrix, in planning for future locations of facilities provides for efficient and orderly expansion of public facilities, provides for efficient growth in desired areas, discourages growth in undesirable areas, and protects environmentally sensitive lands. Consistent with that policy, development orders are issued only after a determination that adequate public facilities and services will be available to meet the demand of the new development. Overall, the objectives of the FLUE, Transportation Element, Parks and Recreation Element, Potable Water Sub -Element, Sanitary Sewer Sub -Element, and the Public School Facilities Element are furthered by the extension of facilities and services in a logical and efficient manner. This is accomplished by implementing and enforcing the adopted Capital Improvements Element and its corresponding Schedule of Capital Improvements. Successful and efficient implementation of those items ensures that facilities and services will be in place concurrent with future development. If a capital improvements project is not included in the adopted Schedule of Capital Improvements and the improvement is required to maintain adopted level -of -service standards, future development will be prohibited until the necessary facilities are in place. This, in effect, indirectly controls the timing and location of future development and, in turn, furthers the implementation of the Future Land Use Element and Transportation Element objectives. Appendix A constitutes the county's five year schedule of capital improvements. This CIP is important to ensure that improvements to existing facilities and construction of new facilities are completed as needed. By implementing the five year schedule of capital improvements, the county will ensure that appropriate areas will be served by needed facilities, thus maintaining adopted levels of service. Besides implementing the components of this element, the county coordinates with the St. Johns River Water Management District (SJRWMD) and the various state agencies, such as the Florida Department of Transportation, when those agencies program facility or service improvements within Indian River County. The continuation of this coordination will ensure that the plans of state agencies and the SJRWMD will be consistent with the Comprehensive Plan and the timing and location of capital improvements as identified in the CIE. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 28 Comprehensive Plan Capital Improvements Element Proiected Revenues In order to develop a financially feasible schedule of capital improvements, projected revenues over the five-year CIP time period have been calculated. These revenues are then compared to anticipated expenditures on capital improvements. For the first three years of the plan, only committed and available revenue sources are utilized. In developing revenue estimates for this process, historic revenue trends, current and anticipated economic conditions, population and growth trends, legislative changes, and any other factors that may impact future revenue streams were considered. This analysis is far more complex than projecting prior trends into the future. This is evident in the forecasted revenues shown in this section. During the past five years, there has been a gradual decrease in most revenue sources. Estimates going forward show a decrease in most revenue sources for the next couple years followed by moderate increases. This is consistent with the current economic recession followed by an anticipated moderate recovery thereafter. Many of the revenue sources identified in the CIP have unique characteristics. For example, sales taxes react differently than gas taxes to similar circumstances. The analysis accounts for such differences. Because gas taxes are levied on a per gallon basis rather than a percentage basis like the sales tax, gas taxes do not increase as a result of rising prices the way sales taxes do. Further, gas taxes do not typically decline as significantly as sales taxes during economic slowdowns. Property taxes, impact fees, user fees, interest earnings, and other revenues have additional behavioral characteristics that were considered in estimating future receipts. All such estimates were developed with the use of professionally accepted methodologies. To ensure a financially balanced CIP (see Appendix A), scheduled expenditures were constrained by projected revenues. As part of this capital improvements element, the county's general revenues have been projected for fiscal years 2010/11 through 2014/15. This section addresses general revenues and earmarked projected revenues as well as the county's tax base and millage rate projections. • Overall Projected Revenues Table 6.7 summarizes the county's projected revenue for fiscal years 2010/11 through 2014/15. These revenues include the county's general governmental funds, enterprise funds, and internal funds. As table 6.7 shows, general revenue collected by the county is projected to decrease slightly in the next fiscal year and increase by only 3.22% by fiscal year 2014/15. Overall, general revenue is projected to increase from $278,508,044 in FY 2010/11 to $287,466,627 in FY 2014/15. Community Development Department Indian River County Supplement #_; Adopted November 2010, Ordinance 2010-_ 29 Comprehensive Plan Capital Improvements Element Table 6,7, Uverall General `Revenue Praleditru Summary . FY 2010111 2011/12 2012/13 2013/ 4 2014/15 TOTAL Taxes 96,290,805 100,034,202 100,034,000 105,392,971 108,028,000 509,779,978 Licenses & Permits 20,754,256 20,754,000 21,273,000 21,805,000 22,350,000 106,936,256 Intergovern- ment 18,691,686 18,692,000 19,159,000 19,638,000 20,129,000 96,309,686 Charges for Services 60,009,228 60,009,000 61,509,000 63,047,000 64,623,000 309,197,228 Fines & Forfeitures 312,000 312,000 320,000 328,000 336,000 1,608,000 Interest & Misc. 18,494,670 18,495,000 1 18,957,000 19,431,000 19,917,000 95,294,670 Other Sources 63,955,399 32,653,315 43,795,823 43,221,820 52,083,627 235,709,984 TOTAL 278,508,044 250,949,517 265,047,823 272,863,791 287,466,627 1,354,835,802 Source: Indian River County Office of Management and Budget. Earmarked Projected Revenues Earmarked revenues are revenues that are restricted in terms of use. Such revenues may be found in the Transportation Element, Sanitary Sewer Sub -Element, Potable Water Sub -Element, and Solid Waste Sub -Element. Table 6.8 provides a summary of earmarked revenue projections by applicable comprehensive plan element for fiscal years 2010/11 through 2014/15. As shown in table 6.8, projected transportation revenues are broken down by their sources. Earmarked projected transportation revenues are expected to increase by 30.66% over the next five fiscal years, from $19,025,710 in FY 2010/11 to $24,859,880 in FY 2014/15. Although transportation revenues are expected to increase from FY 10/11 to FY 14/15, it is important to note that FY 10/11 transportation revenue is $35,764,991 less than FY 2004/05 transportation revenue. This reflects the substantial decrease in traffic impact fee revenue from the housing boom years to the present. Part of the transportation revenue increase for fiscal year 2013/14 and fiscal year 2014/15 is from a planned 6 cent per gallon tax increase on gasoline (Local Option Gas Tax). In fiscal year 2013/14, the proposed additional 6 cent per gallon gas tax plus the county's current 6 cent per gallon gas tax (total of 12 cents per gallon) will be bonded to produce a significant revenue increase in FY 2014/15. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 30 Comprehensive Plan Capital Improvements Element For potable water and sanitary sewer, earmarked revenue is expected to increase by 7.69% over the next five fiscal years, from $27,333,363 in FY 2010/11 to $29,434,000 in FY 2014/15. Over the next five years, earmarked revenue for solid waste is expected to increase by 7.69% from $10,713,852 in FY 2010/11 to $11538,000 in FY 2014/15. source: mman xrver t,ounty umce or Management and Budget. • Tax Base, Assessment Ratio, Millage Rate Table 6.9 summarizes the county's tax base projections which are categorized by fund through FY 2014/15. Overall, the countywide ad valorem tax base is the same as the general fund category identified in table 6.9. 2010/11 1 $14,147,906,804 Table 6:8: Earmarked!Projected Revpnue by,Co' bens:iv-e Plan Element $7,820,732,737 1.0733 $11,640,087,880 1.7148 $14,147,906,804 0.0681 2011/12 Transportation $13,016,074,260 Potable $7,195,074,118 Fiscallocal Year $10,708,880,850 `ConstitutionalGour►tjr "= Traffic l cent �' p Iiitereston"'; 3.0892 Water, &' Saititaiy ; : Solid Waste $10,708,880,850 Option Gas Gas Tax Gas Tax impact Fee optional Tax Total Sewer Tai $13,341,476,117 3.0892 sales tax- ax 1.0733 $10,976,602,871 1.7148 $13,341,476,117 2010/11 2010/11 3,313,710 1,550,000 682,000 1,200,000 12,000,000 280,000 19,025,710 27,333,363 10,713,852 2011/12 3,314,000 1,550,000 682,000 1,650,000 12,000,000 280,000 19,476,000 27,333,000 10,714,000 2012/13 3,347,000 1,566,000 689,000 2,256,196 12,300,000 280,000 20,438,196 28,016,000 10,982,000 2013/14 6,237,971 1,582,000 696,000 2,600,000 12,608,000 280,000 24,003,971 28,716,000 11,257,000 2014/15 6,300,000 1,598,000 703,000 3,055,880 12,923,000 280,000 24,859,880 29,434,000 11,538,000 source: mman xrver t,ounty umce or Management and Budget. • Tax Base, Assessment Ratio, Millage Rate Table 6.9 summarizes the county's tax base projections which are categorized by fund through FY 2014/15. Overall, the countywide ad valorem tax base is the same as the general fund category identified in table 6.9. 2010/11 1 $14,147,906,804 3.0892 $7,820,732,737 1.0733 $11,640,087,880 1.7148 $14,147,906,804 0.0681 2011/12 $13,016,074,260 3.0892 $7,195,074,118 1.0733 $10,708,880,850 1.7148 $13,016,074,260 0.0735 2012/13 $13,016,074,260 3.0892 $7,195,074,118 1.0733 $10,708,880,850 1.7148 $13,016,074,260 0.0735 2013/14 $13,341,476,117 3.0892 $7,374,950,971 1.0733 $10,976,602,871 1.7148 $13,341,476,117 0.0717 2014/15 $13,675,013,020 3.0892 $7,559,324,745 1.0733 $11,251,017,943 1.7148 $13,675,013,020 0.0699 source: Indian River Uounty Uttice of Management and Budget. As shown in table 6.9, the county has a Municipal Service Taxing Unit (MSTU) and an emergency services district, each with a separate millage. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 31 Comprehensive Plan Capital Improvements Element Changes to the Capital Improvements Program With the ongoing depressed housing market, challenges in the national and global financial markets, and the reduction in building permit activity, county revenue again decreased and is expected to remain lower than projected in the prior year's Capital Improvements Program (Fiscal Years 2009/10 through 2013/14). As a result of the decrease in projected revenue and the associated decrease in projected demand for public facilities, the overall Capital Improvements Program has been scaled back. Consequently, a number of projects within the 2009/10 through 2013/14 CIP have had their time frame extended. None of the changes will impact development project concurrency reservations. Because of the depressed housing market, problems with the financial markets, and limited construction activity, it is anticipated that the capacity associated with most of these projects will not be needed until later dates. Two of the transportation projects that have had their construction dates extended involve improvements to roadways that are over capacity according to the County's concurrency management system. Listed in Table 6.10, these deficient links are C.R. 510 between 581' Avenue and U.S. Highway 1 and AIA from 17th Street to the south city limits of the City of Vero Beach. While the transportation projects designed to improve these deficient links are being rescheduled to later years of the CIP, there are several factors that are expected to increase available capacity in the short term. One such factor is that concurrency certificates for some development projects with vested trips will expire soon. At that time, the reserved trips reflected by those projects will be removed from the concurrency management system. Another factor is that recent traffic counts indicate that traffic volumes are continuing to decrease on most roadways. These new traffic counts will soon be reflected in the County's concurrency management system. At that time, the increased capacity and decreased demand will have the effect of increasing the available capacity on County roadways and will likely further decrease the need for scheduling, financing, and constructing transportation projects in the County's CIP. By extending the time frame of transportation projects, the county can utilize its limited resources to complete priority concurrency related projects within the overall capital improvements program. In effect, the county needs to delay some projects so that other projects will remain fundable with a diminishing county budget. By funding only necessary projects, the County is also maintaining a financially feasible capital improvements element. Table 6.10: Concurrenc Links Report for Trans ortation Pro ects with deficient links Transportation Project with Deficient Link ,L;ink#".' LinkDescriptian = Capacity* � Total Demand* Available* CR 510, 61s` Drive to Indian River, four lanes (1.6 miles) 1830E C.R. 510, 50 Avenue to U.S. 1 810.00 707.26 102.74 1830W C.R. 510, 58 1h Avenue to U.S. 1 810.00 874.76 -64.76 1840E C.R. 510, U.S. 1 to S.R. AIA 2,049.00 715.66 1,333.34 1840W I C.R. 510, U.S. 1 to S.R. AIA 2,049.00 775.48 1,273.52 17 th Street/AIA Intersection 1020N I S.R. AIA, Southern Vero Beach City Limits 1 930.00 1,081.37 1 -151.37 Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 32 Comprehensive Plan Capital Improvements Element Table 6.10: Concurrency Links Report for Transportation Pro'ects with deficient links Transportation Project With Deficient Link Link# Link Description Capacity* Total Demand* Available* to 17` Street 1020S S.R. AIA, Southern Vero Beach City Limits to 17th Street 930.00 1,058.13 -128.13 1030N S.R. AIA, 17 th Street to S.R. 60 924.00 707.00 217.00 10305 S.R. AIA, 17` Street to S.R. 60 924.00 832.00 92.00 2120E 17 1h Street, Indian River Boulevard to S.R. AlA 1,960.00 1,017.77 942.23 2120W 1 17 1h Street, Indian River Boulevard to S.R. AIA 1,960.00 1,202.30 757.70 *Peak hour, directional trips Priority Transportation Capital Improvements Program The Priority Transportation Capital Improvements Program is a list of transportation projects for which a specific start date and a specific completion date are listed. As allowed by state law, the County considers the additional capacity to be produced by these roadway improvement projects as being available now for concurrency purposes. As such, a development proj ect impacting a deficient link can proceed despite the deficient link where a roadway improvement project for the deficient link will be under construction no later than three years after issuance of the first building permit for the development project. Because of lower demand on area roadways from the depressed housing market and the pending expiration of concurrency certificates for previously approved developments, the Priority Transportation Capital Improvements Program is no longer needed. Therefore, this CIE no longer includes a Priority Transportation Capital Improvements Program. Of the four projects previously listed in the Priority Transportation Capital Improvements Program, two of those projects were removed because they will be under construction within the next six months. Those projects are: Oslo Road from 27th Avenue to 43rd Avenue, and Oslo Road from 43`d Avenue to 58th Avenue. The other two projects were removed from the Priority Transportation Capital Improvements Program because the road capacity that those projects would add to the transportation system is no longer needed to maintain the current Level of Service of E +20. Those projects and the available peak hour, directional trip capacity of the associated roadways are listed in Table 6.11. All of the roadways listed in that table currently have sufficient available peak hour, directional trip capacity to accommodate already approved developments. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 33 Comprehensive Plan Capital Improvements Element Table 6.11: Concurrency Links Report for Removed Priority Transportation Projects Indian River Coun, " School District. Transportation Project Description- Listedin CIP' kink #' Link Description Capacity Total Demand* Available* 43rd Avenue, 12th Street to 18th Street, four lanes (1 mile) 2925N 43`d Avenue, 12'h Street to 160' Street 1,071.00 555.95 515.05 29255 43` Avenue, 12d' Street to 16"Street 1,071.00 728.95 342.05 2930N 43`d Avenue, 16' Street to S.R. 60 1,071.00 665.40 405.60 29305 43`d Avenue, 16' Street to S.R. 60 1,071.00 704.56 366.44 43rd Avenue, 18th Street to 26" Street, four lanes I 2935N 43`d Avenue, S.R. 60 to 26h Street 1,796.00 532.73 1,263.27 I 2935S I 43`d Avenue, S.R. 60 to 26' Street 1 1,796.00 525.31 1 1,270.69 •reaK nour, airectionat trips Needs Assessment Based on public facility requirements identified in the other comprehensive plan elements, this needs assessment identifies the capital improvements required to provide sufficient infrastructure to meet proposed levels of service for existing and new development. For purposes of the CIE, a capital improvement is a substantial facility (land, building or major equipment) that costs at least $100,000 and may be paid for in phases. Table 6.12 identifies capital improvement needs through fiscal year 2014/15 for conservation & aquifer recharge, emergency services, general services, law enforcement & corrections, recreation and open space, stormwater management, sanitary sewer and potable water, solid waste, transportation, and public schools. Appendix A provides a detailed list of projects associated with each of the comprehensive plan elements as well as those projects associated with individual department capital improvements programs. Not included in Appendix A are projects associated with the Public School Facilities Element. Those projects are found in Appendix C. Detailed capital improvement schedules, which list each improvement project, are provided in each applicable Comprehensive Plan Element or within individual master plans for the respective governmental service. Table 612: Future Capital Improvement Etpenditures brIndian River County & Indian River Coun, " School District. m Eleent or Category 2016/11' 2011'!12 2012/13 2013/!4 2014!15 Conservation & Aquifer $ $ Recharge $1,350,000 $75,000 - $100,000 - Emergency Services $ $3,426,177 $2,361,705 $450,000 $3,000,000 - General Services $189,508 $60,000 $4,160,000 $60,000 $60,000 Law Enforcement & $ $ $ Corrections $558,960 $1,900,000 - - - Recreation & Open Space $4,069,300 $2,050,000 $3,485,000 $2,825,000 $2,500,000 rSanZ;Se,vcr & $6,681,988 $1,077,337 $4,497,450 $5,028,758 $2,913,000 Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 34 Comprehensive Plan Capital Improvements Element Table 6.12: Future.Cap>tal; mpcovemenftipendrturK orJddean Iver County & r,. hidian IveCountYSbhb6lDisirct EYemen`t or Cate or" `010%1 9 Y, .201�I12 m ° M ,. �r 21112713= 21113/14 `- 2014I1S Potable Water Solid Waste $9,075,000 $1,830,000 $2,200,000 $6,967,000 $667,802 Stormwater Management $969,000 $500,000 $950,000 $3,000,000 $5,000,000 Transportation $45,272,376 $29,378,382 $32,750,000 $29,800,000 $49,156,568 Total $71,592,309 $39,232,424 $48,492,450 $50,780,758 $60,297,370 Public School $42,851,573 $29,145,119 $10,347,761 $12,310,139$13,026,495 Facilities* • i ne 6cnoot uistrict of Inman xiver county has the tiscal responsibility for capital improvement expenditures for public school facilities. Figure 6.18 graphically displays the projected capital improvements expenditures for the county during the next five fiscal years. As indicated, the sum of the total projected costs for each of the elements for the five year period is $270,395,311. Within the first fiscal year, projects are funded from current fund balances as well as anticipated annual revenues. For the first three years of the CIP, projects are funded entirely with "committed" revenue sources. "Committed" revenue sources are revenue sources that currently exist. Projects in years four and five of the CIP are funded partially through "planned" revenue sources. "Planned" revenue sources are sources available to the County that have not been utilized. In this case, the one planned revenue source programmed in the CIP is the imposition of an additional six cents of local option gas tax. Some public facilities, such as public education and health systems, are provided countywide, but are not the fiscal responsibility of the County. The County, however, is required by State Statutes to provide some funds to the Indian River County Health Department (IRCHD). Consistent with State law, the Florida Department of Children and Family Services appoints the management of the IRCHD, maintains the financial records, and prepares its own financial report separate from the county. In the Future Land Use and Introductory Elements of the county's comprehensive plan, there is an analysis and description of public schools and health centers. Based on general locational criteria for public schools and health centers, it is assumed that any new facilities which may be constructed in the county by 2014/15 will be located within existing infrastructure service areas or designated expansion areas. Therefore, these systems may be considered to be adequately served by appropriate infrastructure. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 35 Comprehensive Plan Capital Improvements Element $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 Figure 6.18: Future Capital Improvement Expenditures FY 2010/11 FY 2011/12 FY 2012/13 FY 2013/14 FY 2014/15 ® Conservation & Aquifer Recharge ■ Law Enforcement & Corrections ■ Solid Waste Fiscal Assessment la Emergency Services ® Recreation & Open Space D Stormwater Management ❑ General Services ■ Sanitary Sewer & Potable Water 11 Transportation This section examines the county's ability to fund the capital improvements listed in table 6.12, with the exception of public school facilities, and assesses whether sufficient revenue will be available within the existing budget framework utilized by the county to fund the needed improvements at the time that those improvements will be required. For public school facilities listed in table 6.12, the School District of Indian River County is responsible for funding the capital improvements. The School District's adopted "Summary of Capital Improvements Program" (Appendix C) and "Summary of Estimated Revenue" (Appendix D) provide a detailed review of the financial feasibility of the School District's Five Year Capital Plan. This assessment process consists of projecting future revenue receipts and comparing those receipts to anticipated expenditures. With this process, it is possible to quantify annual revenue surpluses and shortfalls, providing a basis for examining opportunities for financing the needed capital improvements. The expenditure estimates include the operating costs. Proiected Expenditures Table 6.13 shows the county's projected expenditures for fiscal years 2010/11 through 2014/15. By fiscal year 2014/15, the county is projected to have annual expenditures totaling $287,466,627. In FY Community Development Department Indian River County Supplement #_; Adopted November_, 2010, Ordinance 2010-_ 36 Comprehensive Plan Capital Improvements Element 2014/15, the category projected to have the largest expenditures is the Public Safety category. For the five-year period beginning in fiscal year 2010/11 and ending in fiscal year 2014/15, the county's expenditures are projected to increase by 29.95%. Table.6.13:,Indian River County Overall `GeneraI Eipenditur+esProjeetrpn Summary FY 2010111 2011!12 2012113 20iY14 2014115' General Gov't. Services 16,980,605 17,271,000 21,801,000 18,142,000 18,594,000 Public Safety 72,041,547 74,019,705 71,952,000 76,290,000 75,122,000 Physical Environment 68,145,494 54,803,337 59,966,450 69,014,758 63,562,802 Transportation 57,843,301 42,263,382 45,957,000 43,337,000 63,031,568 Economic Environment 499,847 512,000 525,000 538,000 551,000 Human Services 7,597,176 7,787,000 7,982,000 8,182,000 8,387,000 Culture/Recreation 17,785,732 16,109,000 17,895,000 17,595,000 17,639,000 Debt Service 7,024,509 6,829,093 6,830,373 6,823,033 6,813,257 Other 30,589,833 31,355,000 1 32,139,000 32,942,000 33,766,000 TOTAL 278,508,044 250,949,517 1 265,047,823 272,863,791 287,466,627 Source: Indian River County Office of Management and Budget. Earmarked Projected Expenditures Table 6.14 identifies the projected expenditures for the water, sewer, and solid waste enterprise funds for fiscal years 2010/11 through 2014/15. These expenditures include operating expenses and other expenses for each year. According to law, all revenues from capacity charges must be spent on infrastructure improvements that benefit the payer of the capacity charge. Therefore, the revenue and expenditure amounts increase and decrease with development. For that reason, projecting capacity charge revenues and expenditures is difficult. This system, however, ensures that new development will not reduce levels of service below county minimums. Table 6.14:.ProjectedExpenses for Water, Sewer, and Solid Waste Fiscal Year Potable Water & Sanitary Sewer Solid Waste 2010/11 $27,333,363 $10,713,852 2011/12 $27,333,000 $10,714,000 2012/13 $28,016,000 $10,982,000 Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 37 Comprehensive Plan Capital Improvements Element Source: Indian River County Office of Management and Budget. In FY 2014/15, the projected expenses for potable water and sanitary sewer services are expected to be $29,434,000. That is an increase of 7.69% from the 2010/11 projected expenses of $27,333,363. Table 6.14 shows that, in FY 2014/15, the projected expenses for solid waste services are expected to be $11,538,000. That is an increase of 7.69% from the 2010/11 projected figure of $10,713,852. Operating Cost Projections Table 6.15 provides projections of overall operating costs for the county for fiscal years 2010/11 through 2014/15. In fiscal year 2014/15, the county is projected to incur approximately $189,485,892 in operating costs. Based on the figures shown in table 6.15, the county's operating costs are projected to increase 7.46% between 2010/11 and 2014/15. Source: Indian River County Office of Management and Budget Projected Debt Capacity Debt Financing, which involves borrowing money using the county's assets as collateral, is one way that the county has provided for its capital facility needs. The primary rationale for providing capital facilities through indebtedness is that it spreads the cost of a facility over its useful life and thus is paid for by those who will use the facility. Table 6.16 provides a summary of the county's estimated ability to raise bond revenue without a public vote. That table identifies the county's bonding capacity for 10, 20, and 30 years. As table 6.16 indicates, the county's available bonding capacity for a 10 year issue is $160,100,000, while its bonding capacity for a 30 year issue is $323,100,000. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 38 Comprehensive Plan Capital Improvements Element Table 6.16: Indian River Coun Estimated"' bUito Raise. Bonds: Without A Public Vote Pledge Sources Ten Years (Bond interest Rate @ Twenty Years (Bond4riterest Rate Thirty Years (Bond Interest Rate 4. ' Half Cent Sales Tax $47,300,000 $80,300,000 $102,800,000 Gas Taxes $49,800,000 $78,900,000 $97,300,000 Tourist Tax $9,500,000 $15,000,000 $18,500,000 First Guaranteed Entitlement $1,800,000 $2,800,000 $3,500,000 Second Guaranteed Entitlement $3,700,000 $5,900,000 $7,300,000 Sub -Total $112,100,000 $182,900,000 $229,400,000 Possible Pledge Sources Franchise Fees $40,100,000 $63,500,000 $78,300,000 Road Impact Fees $7,900,000 $12,500,000 $15,400,000 Sub -Total 148,000,000$76,000,000 $93,700,000 TOTAL $160,100,000 $258,900,000 $323,100,000 'Rates are comparable term AAA rated municipal bond yields as of 9/21/10. Source: Indian River County Office of Management and Budget. • Debt Service Obligations In table 6.17, the county's debt service obligations for current and anticipated bond issues are summarized. Debt service is payment of principal and interest on obligations resulting from the issuance of bonds. As table 6.17 indicates, the county's major anticipated outstanding debts are for water and sewer revenue bonds, environmentally sensitive land acquisition bonds, recreational revenue bonds, and spring training facility revenue bonds. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 39 Comprehensive Plan Capital Improvements Element Table 6.M- IndianRiver" Coun Bond' S- 6e M e FY Ending 8 �, Water & Sewer Revenue Refunding Bonds Water $c Sever Revenue Refunding Bonds Recreational --.Sewer,-, Revenue :Environmentally R furtditig Sen itive%antl ' uis%f%zn ;.cquts�t�on' -�, . „ t3rater &'- -Training Envimnmertally Rertenue '', S�nsmve Land iYefnndin fonds " Spring Facility. Revenue- , Bonds f 1993 A t, Series 5755°10 147°190,000 2004Series 2603 Series 3.68°!u $26,370,000 $6;455,000 "2001,'S ri s 2006 Series 3.89°fo ": " w $41"000,000 $48,600,000 2005.Series $27,675,000° 2001 Series $16810000 Interest $1,668,625 $1,331,610 $135,164 $240,573 $1,838,662 $1,012,650 $642,233 Principal $1,475,000 $0 $510,000 $745,000 $2,775,000 $1,395,000 $585,000 Total $3,143,625 $1,331,610 $645,164 $985,573 $4,613,662 $2,407,650 $1,227,233 2010 Balance $1,555,000 $26,370,000 $3,175,000 $5,210,000 $38,270,000 $21,925,000 $12,310,000 Interest $1,587,500 $1,268,200 $119,864 $213,007 $1,727,663 $970,800 $618,833 Principal $1,555,000 $0 $520,000 $780,000 $2,885,000 $1,435,000 $605,000 Total $3,142,500 $1,268,200 $639,864 $993,007 $4,612,663 $2,405,800 $1,223,833 2011 Balance $0 $26,370,000 $2,655,000 $4,430,000 $35,385,000 $20,490,000 $11,705,000 Interest $1,268,200 $102,964 $183,368 $1,612,262 $925,250 $593,423 Principal $1,610,000 $535,000 $810,000 $3,000,000 $1,480,000 $630,000 Total $2,878,200 $637,964 $993,368 $4,612,262 $2,405,250 $1,223,423 2012 Balance $24,760,000 $2,120,000 $3,620,000 $32,385,000 $19,010,000 $11,075,000 Interest $1,203,800 $83,169 $151,777 $1,492,263 $877,150 $566,333 Principal $1,675,000 $555,000 $845,000 $3,120,000 $1,530,000 $655,000 Total $2,878,800 $638,169 $996,777 $4,612,263 $2,407,150 $1,221,333 2013 Balance $23,085,000 $1,565,000 $2,775,000 $29,265,000 $17,480,000 $10,420,000 Interest $1,136,800 $62,356 $117,978 $1,367,462 $800,650 $537,513 Principal $1,745,000 $580,000 $885,000 $3,255,000 $1,605,000 $685,000 Total $2,881,800 $642,356 $1,002,978 $4,622,462 $2,405,650 $1,222,513 2014 Balance $21,340,000 $985,000 $1,890,000 $26,010,000 $15,875,000 $9,735,000 Interest $1,067,000 $39,881 $80,807 $1,204,713 $736,450 $501,550 Principal $1,815,000 $600,000 $925,000 $3,390,000 $1,670,000 $725,000 Total $2,882,000 $639,881 $1,005,807 $4,594,713 $2,406,450 $1,226,550 2015 Balance $19,525,000 $385,000 $965,000 $22,620,000 $14,205,000 $9,010,000 Interest $976,250 $15,881 $41,495 $1,035,212 $652,950 $463,488 Principal $1,905,000 $385,000 $965,000 $3,545,000 $1,750,000 $760,000 Total $2,881,250 $400,881 $1,006,495 $4,580,212 $2,402,950 $1,223,488 2016 Balance $17,620,000 $0 $0 $19,075,000 $12,455,000 $8,250,000 2017 Interest $881,000 $893,413 $565,450 $423,588 Principal $2,000,000 $3,705,000 $1,840,000 $795,000 Total $2,881,000 $4,598,413 $2,405,450 $1,218,588 Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 40 Comprehensive Plan Capital Improvements Element Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 41 Balance $15,620,000 $15,370,000 $10,615,000 $7,455,000 Interest $781,000 $745,212 $473,450 $381,850 Principal $2,100,000 $3,890,000 $1,930,000 $840,000 Total $2,881,000 $4,635,212 $2,403,450 $1,221,850 2018 Balance $13,520,000 $11,480,000 $8,685,000 $6,615,000 Interest $676,000 $550,713 $376,950 $337,750 Principal $2,205,000 $4,085,000 $2,025,000 $890,000 Total $2,881,000 $4,635,713 $2,401,950 $1,227,750 2019 Balance $11,315,000 $7,395,000 $6,660,000 $5,725,000 Interest $565,750 $346,462 $275,700 $291,025 Principal $2,315,000 $4,290,000 $2,130,000 $930,000 Total $2,880,750 $4,636,462 $2,405,700 $1,221,025 2020 Balance $9,000,000 $3,105,000 $4,530,000 $4,795,000 Interest $450,000 $131,963 $186,750 $242,200 Principal $2,430,000 $3,105,000 $2,220,000 $980,000 Total $2,880,000 $3,236,963 $2,406,750 $1,222,200 2021 Balance $6,570,000 $0 $2,310,000 $3,815,000 Interest $328,500 $92,400 $190,750 Principal $2,550,000 $2,310,000 $305,000 Total $2,878,500 $2,402,400 $495,750 2022 Balance $4,020,000 $0 $3,510,000 Interest $201,000 $175,500 Principal $2,680,000 $320,000 Total $2,881,000 $495,500 2023 Balance $1,340,000 $3,190,000 Interest $67,000 $159,500 Principal $1,340,000 $340,000 Total $1,407,000 $499,500 2024 Balance $0 $2,850,000 Interest $142,500 Principal $355,000 Total $497,500 2025 Balance $2,495,000 Interest $124,750 Principal $375,000 Total $499,750 2026 Balance $2,120,000 Interest $106,000 Principal $390,000 Total $496,000 2027 Balance $1,730,000 2028 Interest $86,500 Principal $410,000 Total $496,500 Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 41 Comprehensive Plan Capital Improvements Element Fiscal Assessment Summary This section provides an analysis of the county's revenues and expenditures for its capital improvement needs for the five-year period beginning in FY 2010/11 and ending in FY 2014/15. While Appendix A details all of the capital improvement projects for the next five fiscal years for each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7 provides general revenue projections for the county through fiscal year 2014/15. As shown in Table 6.7, the County will generate $1,354,835,802 in revenues from general funds, enterprise funds, and internal funds from fiscal year 2010/11 to fiscal year 2014/15. Sources of these funds include sales taxes, property taxes, grants, impact fees, and other revenues. Portions of the money needed for the capital improvements listed within Appendix A will come from the $1,354,835,802. Overall, the county will have enough revenue to cover the costs associated with the five year capital improvements program. For all projects contained within the County's Capital Improvements project list, the total estimated cost is $204,821,475 for the next five fiscal years. This is 15.12% of the overall general fund revenues for the same time period. Concurrency Management Plan To ensure that level -of -service standards are maintained, it is necessary to have a system in place that provides the criteria for measuring facility capacity, assessing development demand on applicable facilities, and monitoring service levels for applicable facilities. That system will set the parameters for issuing development orders consistent with level -of -service standards. While this concurrency management plan sets policies and establishes a process, the specific application of this system is through the county's land development regulations. As per state requirements, these regulations define the details of the concurrency management system and establish its administrative requirements. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 42 Balance $1,320,000 Interest $66,000 Principal $430,000 Total $496,000 2029 Balance $890,000 Interest $44,500 Principal $455,000 Total $499,500 2030 Balance $435,000 Interest $21,750 Principal $435,000 Total $456,750 2031 Balance $0 Fiscal Assessment Summary This section provides an analysis of the county's revenues and expenditures for its capital improvement needs for the five-year period beginning in FY 2010/11 and ending in FY 2014/15. While Appendix A details all of the capital improvement projects for the next five fiscal years for each individual comprehensive plan element by cost, timeframe, and revenue source(s), Table 6.7 provides general revenue projections for the county through fiscal year 2014/15. As shown in Table 6.7, the County will generate $1,354,835,802 in revenues from general funds, enterprise funds, and internal funds from fiscal year 2010/11 to fiscal year 2014/15. Sources of these funds include sales taxes, property taxes, grants, impact fees, and other revenues. Portions of the money needed for the capital improvements listed within Appendix A will come from the $1,354,835,802. Overall, the county will have enough revenue to cover the costs associated with the five year capital improvements program. For all projects contained within the County's Capital Improvements project list, the total estimated cost is $204,821,475 for the next five fiscal years. This is 15.12% of the overall general fund revenues for the same time period. Concurrency Management Plan To ensure that level -of -service standards are maintained, it is necessary to have a system in place that provides the criteria for measuring facility capacity, assessing development demand on applicable facilities, and monitoring service levels for applicable facilities. That system will set the parameters for issuing development orders consistent with level -of -service standards. While this concurrency management plan sets policies and establishes a process, the specific application of this system is through the county's land development regulations. As per state requirements, these regulations define the details of the concurrency management system and establish its administrative requirements. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 42 Comprehensive Plan Capital Improvements Element The major purpose of the concurrency management system is to detail the specifics of implementing the county's level -of -service standards. For that reason, the concurrency management system must apply to all development activity in the county. The system must then identify the applicable standards for each facility, the geographic scope of each facility, and the method of monitoring facility capacity changes. Most importantly, this system must specify when facilities are considered available. Project Applicability All development orders issued by the county must comply with the concurrency management plan and meet level -of -service standards. Development orders are county approvals for construction and/or land development activity. Specifically, development orders consist of the following: comprehensive plan amendments, rezonings, site plan approvals, preliminary plat approvals, development of regional impact (DRI) approvals, planned development preliminary approvals, and building permit approvals for single-family homes located in subdivisions which were approved after February 13, 1990, the original adoption date of the county's comprehensive plan. According to Section 163.3180(6), F.S., the impact from the construction of a single family home on an existing lot may constitute a de minimus impact on public facilities. State law allows such de minimus projects to be exempt from the concurrency requirement. Indian River County applies the single family de minimus allowance to single family building permits in subdivisions platted before February 13, 1990. Service Standards Level -of -service standards for concurrency related facilities are established in this plan for the following facilities: sanitary sewer, potable water, solid waste, stormwater management, recreation, public schools, and transportation. These are explained in detail in the applicable comprehensive plan elements. For each facility, level -of -service is a measure of the relationship between demand for the service and the capacity of the facility. Capacity, however, is measured differently for each type of facility. Table 6.18 identifies both the capacity and demand measures for each public facility. These measures are addressed in detail, and existing capacities are identified in the applicable Comprehensive Plan Elements. Community Development Department Indian River County Supplement #_; Adopted November 2010, Ordinance 2010- 43 Comprehensive Plan Capital Improvements Element Table 6A8: Service LevelMeasures for Concprreincy Related Facilities Public Facility Category ` Specific Facikity Capacity M`casw ` Imand Measure Geographic Seupe Transportation Roadway Volume of cars Peak Season/Peak Affected Roadways accommodated over time Direction/Peak Hour Trips Sanitary Sewer Treatment Plant Treatment design Capacity Generation Rate (GPD) Service Area Potable Water Treatment Plant Treatment Design Capacity Generation Rate (GPD) Service Area (GPD) Solid Waste Landfill Volume in active cell (cubic Generation Rate (tons per Entire County yards) capita per year) Recreation Parks Acres of park land Acres of parks per thousand Entire County population Stormwater Management Drainage Volume of water Volume of stormwater outfalling for design storm Basin conveyances Education* Public Schools (K- Number of Children Enrolled Students/ Future Service Area 12) accommodated over time Student Generation *Limited to participating Schools owned and operated by the Indian River County School District Concurrency requires that each facility within the geographic scope of a proposed project's impact area have sufficient capacity to accommodate the project's demand. If that capacity is not available, the proj ect cannot be approved. The principal function of the concurrency management system then is to provide a mechanism whereby demand and capacity measures can be compared on a project by project basis. Table 6.18 provides the criteria for establishing a demand to capacity comparison for a proposed project. While most of the characteristics are self-explanatory, one needs clarification; this is the geographic scope for the traffic public facility category. For concurrency purposes, affected roadways are those roadways impacted by a project's traffic. Regardless of size, all projects impact the roadway on which the project fronts. In addition, other roadways further removed from the project are usually impacted. For concurrency purposes, two lane roadways which are assigned 8 or more peak hour/peak season/peak direction project trips and four or more lane roadways that are assigned 15 or more peak hour/peak season/peak direction project trips are considered impacted roadways. For transportation concurrency related facilities, level -of -service standards are applied to all impacted roadways. Those level -of -service standards range from A to F and are associated with peak hour/peak season/peak direction trips. Demand Demand is an important component of the concurrency management system. Essentially, demand is a measure of facility use. When compared to facility capacity, demand can indicate the level -of -service for the facility. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 44 Comprehensive Plan Capital Improvements Element As depicted in Table 6.18, demand can be measured quantitatively for each public facility category. While the demand function for each facility consists of applying a rate to the number of facility users, estimation of total demand is more complex. For concurrency management purposes, demand can be divided into three types: existing, committed, and projected. Each must be considered separately for purposes of concurrency management. Existing Demand Existing demand is simply the current level of use for a facility. For a roadway, it is the number of peak hour/peak season/peak direction trips; for a school, it is the number of full-time enrolled students; for water and wastewater treatment plants, it is the existing flow volume measured in gallons per day. These figures are included within applicable plan elements. Existing demand then reflects the use of a facility by the current population. When compared to capacity, existing demand can show if the facility has unused capacity or if it is functioning over capacity. Existing demand, however, is not static. As population increases and dwelling units come on-line, existing demand increases. These increases in existing demand can be identified through facility use measurements. For example, regular traffic counts done on roads or treatment plant flow records are examples of facility use measurements indicating existing demand levels. As existing demand levels for facilities are updated, committed demand levels must be reduced if projects representing committed demand have come on-line. Committed Demand Committed demand is a measure of the impact that approved development projects with reserved capacity will have on facilities. When added to existing demand for a facility, the committed demand for that facility will produce a more accurate estimate of unused capacity. This estimate of unused capacity represents the amount of capacity that can realistically be allocated to new projects. Committed demand must be determined by identifying all projects for which capacity has been reserved through issuance of initial concurrency certificates which are still valid. Then the specific facilities that will be impacted by these projects with reserved capacities must be determined; these facilities will be roadways and the landfill, and they may be treatment plants, drainage conveyances, and recreation facilities. Finally, the total demand on each facility attributable to committed demand will be determined. Applicable elements of the plan identify the rates to be applied to each project to determine facility demand. Traffic volumes, for example, can be derived by applying a trip rate to the size of the Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 45 Comprehensive Plan Capital Improvements Element project. Sanitary sewer and potable water both have rates of 250 gallons per day per equivalent residential unit. Other public facility rates are discussed fully in their applicable Comprehensive Plan Element. Like existing demand, committed demand must be determined on a facility by facility basis. For example, both existing demand and committed demand must be determined for each major roadway, each school, each treatment plant, each major drainage conveyance, and the active cell in the landfill. Also, like existing demand, committed demand estimates must be modified as projects are completed; committed demand estimates must also be modified as new development orders are approved and old development orders are terminated. Proiected Demand The third type of demand is projected demand. This consists of two types. One is non- committed/non-reserved, single-family lot demand for all subdivisions platted after February 13, 1990, while the other is new project demand. Non-committed/non-reserved single-family lot projected demand relates to the facility impacts associated with construction on single-family lots in subdivisions platted after February 13, 1990 and construction on single-family unplatted lots and acreage. Since this type of construction will impact facilities, the demand anticipated from this type of activity must be considered in facility expansion plans. For this reason, it is necessary to maintain an accurate inventory of unbuilt, platted lots and consider the impacts of construction on these lots. The second type of projected demand is new project demand. For each new project, demand estimates must be made on a facility by facility basis. Only if sufficient available capacity exists for each facility to be impacted can the project be approved and a development order issued. Upon issuance of a development order, the estimated impacts on each facility would be considered as committed demand. Availability of Capacity Facility capacity can be assessed two different ways. First, facility capacity can be determined by facilities that are existing and available; examples would be existing treatment plants and existing roadways with a set number of lanes. The second manner for assessing facility capacity is to consider both existing, in -the -ground facilities as well as facility expansions or new facilities which are programmed but not yet existing. According to Chapter 9J-5.0055(3), Minimum Requirements For Concurrency, Florida Administrative Code, the capacity of existing, in -the -ground facilities will be considered in all cases. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 46 Comprehensive Plan Capital Improvements Element Programmed facilities will be considered in assessing capacity for each public facility category when the following conditions are met: ➢ For sanitary sewer, potable water, solid waste and drainage facilities: 1. A development order or permit is issued subject to the condition that, at the time of the issuance of a certificate of occupancy or its functional equivalent, the necessary facilities and services are in place and available to serve the new development; or 2. At the time the development order or permit is issued, the necessary facilities and services are guaranteed in an enforceable development agreement, pursuant to Section 163.3220, F.S., or an agreement or development order issued pursuant to Chapter 380, F.S., to be in place and available to serve new development at the time of the issuance of a certificate of occupancy or its functional equivalent. [Section 163.3180(2)(a), F.S.] ➢ For parks and recreation facilities: At the time the development order or permit is issued, the necessary facilities and services are in place or under actual construction; or 2. A development order or permit is issued subject to the condition that, at the time of the issuance of a certificate of occupancy or its functional equivalent, the acreage for the necessary facilities and services to serve the new development is dedicated or acquired by the local government, or funds in the amount of the developer's fair share are committed; and a. A development order or permit is issued subject to a condition that the necessary facilities and services needed to serve the new development are in place or under actual construction not more than one year after issuance of a certificate of occupancy or its functional equivalent; or b. At the time the development order or permit is issued, the necessary facilities and services are the subject of a binding executed agreement which requires the necessary facilities and services to serve the new development to be in place or under actual construction not more than one year after issuance of a certificate of occupancy or its functional equivalent; or c. At the time the development order or permit is issued, the necessary facilities and services are guaranteed in an enforceable development agreement, pursuant to Section 163.3220, F.S., or an agreement or development order issued pursuant to Chapter 380, F.S., to be in place or under actual construction not Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 47 Comprehensive Plan Capital Improvements Element more than one year after issuance of a certificate of occupancy or its functional equivalent. [Section 163.3180(2)(b), F.S.] ➢ Transportation supply (capacity). Transportation supply shall be determined on a segment by segment basis. For concurrency purposes, all segments on the county's thoroughfare plan shall be considered. Capacity for segments will be based either on FDOT's generalized capacity tables or individual segment capacity studies approved by the public works director pursuant to the criteria specified in Chapter 952, Traffic. Transportation supply for each segment is: 1. The segment's existing peak hour, peak season, peak direction capacity; or 2. The segment's new roadway capacity if facility expansion for the segment is proposed and if. a. At the time a development order or permit is issued, the necessary facilities and services are in place or under construction; or b. A development order or permit is issued subject to a condition that the facility expansion needed to serve the new development is included in the county's adopted five-year schedule of capital improvements and is scheduled to be in place or under actual construction not more than three years after issuance of the project's first building permit or its functional equivalent. The schedule of capital improvements may recognize and include transportation projects included in the first three years of the adopted Florida Department of Transportation five year work program. In order to apply this provision to a facility expansion project, the Capital Improvements Element must include the following policies: i. The estimated date of commencement of actual construction and the estimated date of project completion. ii. A provision that a plan amendment is required to eliminate, defer, or delay construction of any road or mass transit facility or service which is needed to maintain the adopted level of service standard and which is listed in the five-year schedule of capital improvements (for Indian River County, this is included in Policy 1.2 of this Element); or 3. The segment's new roadway capacity if, at the time a development order or permit is issued, the facility is the subject of a binding executed agreement which requires the facility to be in place or under actual construction no more than three years after the issuance of the project's first building permit or its functional equivalent; or Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 48 Comprehensive Plan Capital Improvements Element 4. The segment's new roadway capacity if, at the time a development order or permit is issued, the facility is guaranteed in an enforceable development agreement, pursuant to Section 163.3220, F.S., or an agreement or development order issued pursuant to Chapter 380, F.S., to be in place or under actual construction not more than three years after issuance of a building permit or its functional equivalent. [Section 163.3180(2)(c), F.S.] 5. The segment's new roadway capacity if facility expansion for the segment is the subject of a proportionate fair -share agreement. In such case, the segment capacity increase reflected in the proportionate fair share agreement shall be available only to the party or parties to the proportionate fair share agreement. ➢ For school facilities: A residential development order or permit shall be issued only if the needed capacity for the particular service area is available in one or more contiguous service areas as defined in Section 163.3180(13)(c), F.S. Regulation No development order shall be issued for any project where the project's demand in conjunction with existing demand and committed demand will exceed the capacity of a facility at the service level established in this plan. Level -of -service analysis will be undertaken during the review of each project for which development order approval is required. Monitoring System To effectively implement the concurrency requirement, it is necessary to maintain an estimate of available capacity for each public facility subject to level -of -service requirements. By maintaining an accurate and current available capacity estimate for each facility, projected demand from development applications can be compared to the available capacity for the facility to determine if the project can be approved. The purpose of the monitoring program is to maintain a current estimate of available capacity for each facility. With the exception of public schools, the monitoring system portion of the concurrency management plan is maintained by the county's planning division. Effective July 1, 2008, the School District initiated and now maintains the monitoring system portion of the concurrency management plan for public schools. Using a network computer system and data base management software, records were developed and are maintained for each specific facility. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 49 Comprehensive Plan Capital Improvements Element Based upon information in the specific comprehensive plan elements, total capacity figures for each applicable facility are maintained in data base files established for each public facility category. Capacity figures are modified as facilities are expanded or as criteria specified in the availability of capacity section are met, thereby allowing a programmed expansion to be considered for capacity determination purposes. Through contact with other county departments, planning staff are able to modify capacity estimates as soon as facility characteristics are changed. Table 6.19 depicts the general structure of the monitoring system data base file for each public facility category. This table shows that available capacity for each specific facility is a function of total capacity less existing demand and less committed demand. The demand section of this concurrency management plan identifies the methodology for assessing demand. To implement the monitoring system, the following actions shown in table 6.20 will be necessary. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 50 Peak season/ peak Annual count (average) Volume estimated from (Total Capacity) - (Existing Traffic Roadways direction/ peak hour (peak season/peak approved Development Demand) - (Committed (LOS D) direction/peak hour) Orders (DO) Demand) Sanitary Treatment Volume estimated from (Total Capacity) - (Existing Sewer Plants Design flows Existing flows approved DO's Demand) - (Committed Demand) Treatment Volume estimated from (Total Capacity) - (Existing Potable Water Plants Design flows Existing flows approved DO's Demand) - (Committed Demand) Active cell design Volume estimated from (Total Capacity) - (Existing Solid Waste Landfill capacity Active cell volume used approved DO's Demand) - (Committed Demand) (Acres per thousand (Acres per thousandpopulation) (Total Capacity) - (Existing Recreation Parks Park Acreage population) X (existing X (projected population for approved Demand) - (Committed population) DO's) Demand) Drainage Volume of stormwater (Total Capacity) - (Existing Drainage Volume Existing flows allowed to outfall for Demand) - (Committed conveyances approved DO's Demand) Public Permanent Student Annual Enrollment Students estimated from (Total Capacity) - (Existing Education Schools(K-12) Stations (FISH) Count (FTE) approved residential Demand) - (Committed Development Orders) Demand) To implement the monitoring system, the following actions shown in table 6.20 will be necessary. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 50 Comprehensive Plan Capital Improvements Element Table b.20:'Monitdring System Tasks Action:po`nsibTe Department Timing Do quarterly traffic counts for thoroughfare plan roads to determine existing demand Engineering Annually Compile quarterly ridership statistics for all fixed routes MPO Annually Identify existing flows for each water and sewer treatment plant Utilities Annually Estimate Landfill (active cell) volume used Utilities Annually Estimate population and apply park standard to determine park existing demand Planning Annually Estimate existing flows for drainage conveyances Engineering Annually Enter data received from other departments into computer Planning Ongoing Do annual student counts (FTE) for public schools to determine existing demand School District Annually Add estimated demand for new projects to committed demand total upon issuance of DO Planning Ongoing Maintain records of units/projects receiving a certificate of occupancy, maintain demand estimates from those units/projects, subtract estimated demand for those units/projects for committed demand once existing demand is updated Planning Ongoing Applicability The concurrency management plan monitoring system has applicability to more than just level -of - service measurement. It also provides the basis for assessing facility expansion needs and therefore capital improvements programming. By maintaining an accurate and up-to-date estimate of available capacity, the need for facility expansion can be recognized before all capacity is used. By incorporating the monitoring system into the capital improvements programming process, capital budgets can be prepared based on reliable information and valid estimates of need. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 51 Comprehensive Plan Capital Improvements Element Goal, Obiectives and Policies Goal It is the goal of Indian River County to provide needed capital improvements through the use of sound fiscal decision making. Objectives and Policies Obiective 1: Construction of Capital Facilities By 2015, the county will have completed those capital improvements schedule projects that replace obsolete or worn-out facilities, eliminate existing deficiencies or accommodate desired future growth. Policy 1.1: The county shall maintain a five-year capital improvement program and pursuant to Section 163.3177(3)(b) F.S. evaluate and update that program every year to reflect existing and future public facility needs of the county. This capital improvement program will ensure that the plan is financially feasible and that the adopted level -of -service standards are achieved and maintained. Policy 1.2: The county and the School District shall undertake only those capital improvements included within this element's adopted capital improvements program. Pursuant to Section 163.3177(3)(b) F.S., the Capital Improvements Element will be reviewed every year. Consistent with Section 9J-5 of the Florida Administrative Code, if any facility identified in the Schedule of Capital Improvements is delayed or deferred in construction, or is eliminated from the capital improvements program, and this delay, defer, or elimination will cause the level -of -service to deteriorate below the adopted minimum level of service standard for the facility, a comprehensive plan amendment will be required to adjust the Schedule of Capital Improvements. The annual update of the capital improvement element shall be done with a single public hearing before the Board of County Commissioners and a copy of the ordinance amending the Capital Improvements Element shall be transmitted to DCA. Policy 1.3: The county shall evaluate and prioritize its capital improvement projects based on following criteria. These criteria are ranked in order of importance. ➢ Preservation of the health and safety of the public by eliminating public hazards; ➢ Compliance with all mandates and prior commitments; ➢ Elimination of existing deficiencies; ➢ Maintenance of adopted level -of -service standards; ➢ Provision of infrastructure concurrent with the impact of new development; ➢ Protection of prior infrastructure investments; ➢ Consistency with the county plan and plans of other agencies; ➢ Accommodation of new development and redevelopment facility demands; Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 52 Comprehensive Plan Capital Improvements Element ➢ Consistency with plans of state agencies and water management districts that provide public facilities within the local government's jurisdiction; ➢ Promotion of compact development by discouraging growth outside of urban service areas; ➢ Demonstration of linkages between projected growth and facility location; ➢ Utilization of the economies of scale and timing of other improvements; ➢ Reduction of operating costs; ➢ Adjustment for unseen opportunities, situations, and disasters. Policy 1.4: The county shall implement the policies of the Potable Water, Sanitary Sewer, and Solid Waste sub -elements of the Comprehensive Plan. Since these are enterprise account funded elements, capital expenditures identified in these elements shall be funded principally from revenues derived from the applicable systems. Policy 1.5: The county shall prioritize and implement the programs identified in the Transportation, Recreation and Open Space, Stormwater Management, Conservation, and Future Land Use Elements of the Comprehensive Plan. Policy 1.6: The county shall not eliminate or reallocate budgeted appropriations for road improvement projects required to meet the adopted level -of -service standards unless the applicable projects will be constructed by other means and remain concurrent with the county's Schedule of Capital Improvements. Policy 1.7: The county shall continue to allocate funds for the replacement and the renewal of infrastructure in an amount which will minimize the operating costs of the infrastructure and maximize the life of the infrastructure. Policy 1_8: The county shall manage its long-term general obligation debt in such a manner that the ratio of the debt service millage to the countywide operating millage does not exceed 20%. Policy 1.9: The county hereby defines a capital improvement as an improvement with a cost that exceeds $100,000. Policy 1.10: The Schedule of Capital Improvements shall contain a mix of capital expenditures, including projects to eliminate existing deficiencies, to upgrade and replace existing facilities, and to construct new facilities. Polices: The county shall maintain a procedure in its annual budget review requiring each county department to include in its annual budget request applicable expenditures as identified in the capital improvements program of the appropriate Comprehensive Plan Element as well as department's capital improvements. Community Development Department Indian River County Supplement #_; Adopted November 2010, Ordinance 2010-_ 53 Comprehensive Plan Capital Improvements Element Policy 1.12: The county hereby adopts the 2010 — 2011 through 2014 - 2015 Indian River County School District Five -Year Facilities Work Plan. The Indian River County School District Five -Year Facilities Work Plan will be evaluated and updated annually to reflect existing and future public school facility needs of the county. This will ensure that the Indian River County School District Five -Year Facilities Work Plan is financially feasible and that the adopted level -of -service standard for public schools is achieved and maintained. Objective 2: Development in Coastal High Hazard Areas Through 2030, development in coastal high hazard areas will not increase beyond the density or intensity levels indicated on the current Future Land Use Map. Policy 2.1: The coastal high hazard area is defined as the area of the county designated as evacuation zones for a category one hurricane. Policy 2.2: The county shall not increase land use density and intensity, in the coastal high hazard area, beyond that reflected in the county's current Future Land Use Map. Policy 2.3: The county shall make appropriations for infrastructure in coastal high hazard areas only to maintain the adopted level -of -service standards. Policy 2.4: The county shall ensure that the replacement of infrastructure in the coastal high hazard area will be limited to maintaining the adopted level -of -service standards. Policy 2.5: The county shall require that all developments and all single-family units in coastal high hazard areas fully pay the cost for required infrastructure improvements through impact fees, capacity charges, developer dedications, assessments, and contributions. Policy 2.6: The county shall not use public funds to subsidize increased density or intensity of urban development in coastal high hazard areas; however, public beach, shoreline access, resource restoration, or similar projects may be constructed. Obiective 3: Maintenance of Established Level -of -Service Standards Through 2030, adopted levels -of -service will be maintained for all concurrency facilities. Policy 3.1: The county hereby adopts the concurrency management system as described within this element. The county shall maintain Land Development Regulation (LDR) Chapter 910, Concurrency Management System, which implements the plan's concurrency management system. In accordance with the concurrency management system of this plan and LDR Ch. 910, the county will not approve Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 54 Comprehensive Plan Capital Improvements Element any development project where the impacts of such a project would lower the existing level -of -service on any facility below that facility's adopted minimum level -of -service standard. Policy 3.2: The county shall approve development only in accordance with the utility connection matrix identified in the Sanitary Sewer and Potable Water Sub -Elements. Polio The county shall, concurrent with the impact of new development, provide the infrastructure necessary to maintain the levels -of -service identified in the various elements of the Comprehensive Plan. Where development is proposed and is consistent with all applicable regulations but one or more public facilities is/are operating at an inadequate service level, the applicant may at his expense make facility improvements to increase facility capacity when such improvements are consistent with county plans and receive county approval. Policy 3.4: The county shall make land use decisions based on the planned availability of facilities to maintain adopted level -of -service standards. Policy 3.5: The county hereby adopts Concurrency Management level -of -service standards for public facilities that are established in the other Comprehensive Plan Elements and which are stated below: ➢ Stormwater Mana eg ment: The county hereby adopts the following level -of -service standard for all new drainage systems within the unincorporated county: ➢ New development requiring major site plan approval or subdivision platting shall construct a complete drainage system to mitigate the impacts of a 25 year/24 hour design rainfall event using the soil conservation service type 2 modified rainfall curves. ➢ Post development runoff for any drainage basin shall not exceed pre -development runoff unless a maximum discharge rate has been adopted and the discharge does not exceed that rate. If a maximum discharge rate has not been adopted for a basin, post development discharge may not exceed pre -development discharge. By 2015, all existing roadways in the county shall be improved to meet the following level -of -service standards: ➢ Minimum road crown elevation for existing roads shall be raised during resurfacing/rebuilding to the flood elevation resulting from the 2 year/24 hour storm event on local streets. ➢ The center two lanes of rebuilt roads must be at or above flood levels resulting from a 10 year 24 hour storm event on Arterial and Collector roads. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 55 Comprehensive Plan Capital Improvements Element ➢ All drainage basins will meet the following level of service standards: By 2007 5-Year/24 Hour Storm Event By 2010 10-Year/24 Hour Storm Event The county hereby adopts the following water quality level -of -service standard: ➢ As a minimum, retention of the first one inch of rainfall is required prior to offsite discharge. An additional 50% treatment is required for all direct discharge into the Sebastian River and into the Indian River Lagoon due to its designation as an outstanding Florida water, as required by state law. ➢ Potable Water The following level -of -service standard is adopted for the county's potable water facilities, and shall be utilized for determining the availability of facility capacity and demand generated by a development: ➢ Countywide level -of -service standard of 250 gallons per day per equivalent residential unit. ➢ Solid Waste The following level -of -service standard is adopted for solid waste facilities in the county, and shall be used as the basis for determining the availability of facility capacity and demand generated by a development: ➢ Countywide level -of -service standard of 2.2 tons or 3.67 cubic yards per capita for permanent plus weighted peak seasonal population per year. ➢ Sanitary Sewer The following level -of -service standard is adopted for the county's sanitary sewer facilities, and shall be utilized for determining the availability of facility capacity and demand generated by a development: ➢ Countywide level -of -service standard of 250 gallons per day per equivalent residential unit with a peak monthly flow factor of 1.25. ➢ Recreation & Open Space The county adopts the following recreation level -of -service standard: ➢ County wide level -of -service standard of 6.61 recreation acres/1,000 permanent plus weighted peak seasonal population. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 56 Comprehensive Plan Capital Improvements Element ➢ Transportation The county adopts traffic circulation level -of -service standards as follows: ➢ Level -of -Service "D" during peak hour, peak season, peak direction conditions, on all TRIP grant funded roads as well as all freeway, arterial, and collector roadways, with the exception of the following two, which will operate at level of service "E" plus 20%. • 27th Ave — South County Line to SR 60 • 43rd Ave — Oslo Road to 16th Street For SIS/Florida Intrastate Highway System roadways, level of service "B" is adopted for rural areas, and level of service "C" is adopted for urban areas. Policy 3.6: The county hereby adopts level -of -service standards for selected public facilities as follows: ➢ Correctional Facilities The county adopts the following correctional facilities level -of -service standard: ➢ County wide level -of -service standard of 4.5 beds/1,000 permanent plus weighted peak seasonal population ➢ Fire/EMS The county adopts the following Fire/EMS level -of -service standard: ➢ County wide (excluding Indian River Shores) level -of -service standard of .089 Stations per 1,000 permanent plus weighted peak seasonal population ➢ Law Enforcement The county adopts the following Law Enforcement level -of -service standard: ➢ Unincorporated County level -of -service standard of 2.09 officers per 1,000 permanent plus weighted peak seasonal population ➢ Libraries The county adopts the following Libraries level -of -service standards: ➢ County wide level -of -service standard of 580 building square feet per 1,000 permanent plus weighted peak seasonal population Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 57 Comprehensive Plan Capital Improvements Element ➢ County wide level -of -service standard of 3,200 library material items per 1,000 permanent plus weighted peak seasonal population ➢ County wide level -of -service standard of 0.7 computers per 1,000 permanent plus weighted peak seasonal population ➢ County wide level -of -service standard of 0.2 other library equipment items per 1,000 permanent plus weighted peak seasonal population ➢ Public Buildings The county adopts the following Public Buildings level -of -service standard: ➢ County wide level -of -service standard of 1.99 building square feet per capita for permanent plus weighted peak seasonal population. ➢ Schools The county adopts the following Schools level -of -service standard: Schools (School Service Areas): ➢ 100 percent of Florida Inventory of School Houses (FISH) capacity for each public school type (elementary, middle, and high). ➢ Transit The County adopts the following transit level -of -service standard: ➢ One-hour headways shall be maintained on all fixed transit routes. Obiective 4: Future Development's Share of Capital Costs Through 2030, new developments will bear a proportionate share of the cost required to maintain adopted level -of -service standards. Policy 4.1: The county shall use impact fees, capacity charges, assessments, developer dedications and contributions, to pay for infrastructure improvements and services needed to satisfy future needs while maintaining adopted level -of -service standards. Polio: The county shall conduct research to identify new sources of revenue for funding capital improvement projects. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 58 Comprehensive Plan Capital Improvements Element Obiective 5: Local Government's Ability to Provide Required Services and Facilities Through 2030, the county will ensure that it is able to fund and provide required services and facilities. Policy 5.1: The county shall not approve land use amendment requests unless those requests are consistent with the concurrency management system requirements of this element. Policy 5.2: In the event that the planned capacity of public facilities is insufficient to serve all applicants for development orders, the county shall schedule capital improvements to serve developments in the following order of priority: ➢ Single-family units in existing platted subdivisions or on existing legal, buildable parcels ➢ Affordable housing projects ➢ New development orders permitting redevelopment ➢ New development orders permitting new developments where the applicant funds the infrastructure expansion in exchange for future reimbursement ➢ New development orders permitting new developments without developer participation Policy 5.3: The county shall extend facilities and services to serve areas only within the existing Urban Service Area or as allowed by Policy 5.7 of the Potable Water Sub -Element and Policy 5.8 of the Sanitary Sewer Sub -Element of the Comprehensive Plan. Policy 5.4: The county shall coordinate with other local, state, and federal agencies as well as private entities to create an efficient capital improvements schedule that provides the following general benefits while minimizing the financial burden of providing facilities and services: ➢ Reduction of overall capital and operating expenditures by the development of multi -use facilities; ➢ More efficient land use patterns and phasing; ➢ Reduction of overlapping, duplicating, and administrative procedures; ➢ Implementation of adopted physical, social, and economic goals and policies in a least -cost manner; ➢ Better coordination of public capital investment with private capital expenditures. Policy 5.5: The county shall continue utilizing enterprise funds for the provision of Sanitary Sewer, Potable Water, and Solid Waste facilities. The debt for enterprise funds is to be paid by user fees, capacity charges, and other appropriate sources. Police: The county shall finance the capital cost of non -enterprise fund supported public facilities (e.g., roads, stormwater management, and parks) from current revenue, bond issues, impact fees, capacity charges, assessments, and other appropriate sources. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010- 59 Comprehensive Plan Capital Improvements Element Policy 5.7: The county shall use general obligation bonds and other sources to raise the funding required to provide those public facilities that cannot be constructed with user fees, revenue bonds, impact fees, capacity charges, or other dedicated revenue sources. Policy 5.8: Developments, which require public facility infrastructure improvements that will be financed by county debt, shall have their development orders conditioned on the issuance of the county debt or the substitution of a comparable amount of non -debt revenue. Policy 5.9: Pursuant to state law, the Schedule of Capital Improvements may be adjusted by ordinance and not deemed to be an amendment to the Comprehensive Plan when the amendment relates to corrections, updates, or modifications concerning costs, revenue sources, acceptance of facilities pursuant to dedications which are consistent with the Comprehensive Plan, or the date of construction of any facility except transportation facilities enumerated in the Schedule of Capital Improvements. For transportation facilities, a delay in construction of a facility which causes the level -of -service of that facility to deteriorate below the adopted minimum level -of -service standard for the roadway will require a comprehensive plan amendment. Polices: The county shall ensure that all capital improvements identified in the various elements of the Comprehensive Plan are completed according to schedule. The only acceptable delays will be those which are subject to one of the following: ➢ Projects providing capacity equal to, or greater than, the delayed project are accelerated within or added to the Schedule of Capital Improvements; ➢ Modification of development orders issued conditionally or subject to the concurrent availability of public facility capacity provided by the delayed project. Such modification shall restrict the allowable amount and schedule of development to that which can be served by the capacity of public facilities according to the revised schedule; or ➢ Amendment of the plan to reduce the adopted standard for the level -of -service for public facilities until the fiscal year in which the delayed project is scheduled to be completed. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 60 Comprehensive Plan Capital Improvements Element Implementation, Evaluation, and Monitoring Implementation An important part of any plan is its implementation. Implementation involves execution of the plan's policies. It involves taking actions and achieving results. For the Capital Improvements Element, implementation involves various activities. While some of these actions will be ongoing, others are activities that will be taken by certain points in time. For each policy in this element, table 6.21 identifies the type of action required, the responsible entity for taking the action, the timing, and whether or not the policy necessitates a capital expenditure. To implement the Capital Improvements Element, several different types of actions must be taken. These include: development of mechanisms for funding new facilities, adoption of land development regulations and ordinances, execution of interlocal agreements, coordination, and preparation of studies -and evaluation and monitoring reports. Overall, the Capital Improvements Element implementation responsibility will rest with the Office of Management and Budget. Besides its responsibilities as identified in table 6.20, the planning department has the additional responsibility of ensuring that other entities discharge their responsibilities. This will entail notifying other applicable departments of capital expenditures to be included in their budgets, notifying other departments and groups of actions that must be taken, and assisting other departments and agencies in their plan implementation responsibilities. As part of the Capital Improvements Element, the county has developed a Concurrency Management Plan, which ensures the maintenance of the adopted level -of -service standards. Through the Concurrency Management Plan, the county will measure facility capacity, assess development demand, and maintain a Capital Improvements Program which ensures that the level -of -service standards are maintained. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 61 Comprehensive Plan Capital Improvements Element Table CU. Cap>Ital tmgro�e went Element Implementaholi Matrix' v:°i}olicy Type ofE?,etiort Responsibility Timing Capital Expenditure ' 1.1 Maintain the CIP OMB/PD 2010-2014 No 1.2 Follow the CIP pD 2010-2014 No 1.3 Prioritize capital improvement projects OMB/PD/SD Ongoing No 1.4 Implement recommendations Appropriate County Departments/SD 2010-2014 Yes 1.5 Prioritize and implement programs Appropriate County Departments/SD 2010-2014 Yes 1.6 Maintain previous commitments BCC/PWD/SD Ongoing No 1.7 Replacement and renewal of infrastructure Appropriate County Departments/SD Ongoing No 1.8 Budget Management OMB/SD Ongoing No 1.9 Define capital improvement PD/OMB Ongoing No 1.10 Capital Budget Management OMB/SD Ongoing No 1.11 Capital Improvements Management OMB/SD Ongoing No 2.1 Define costal high hazard area DCA Ongoing No 2.2 Maintain density and intensity levels of current FLU Map PD Ongoing No 2.3 Budget management Appropriate County Departments Ongoing Yes 2.4 Maintain LOS standards Appropriate County Departments Ongoing Yes 2.5 Funding mechanisms BCC/Private Developers Ongoing No 2.6 Infrastructure replacement strategy Appropriate County Departments Ongoing No 3.1 Maintain concurrency management system PD Ongoing No 3.2 Follow connection matrix of Comprehensive Plan Sub- Elements Appropriate County Departments Ongoing No 3.3 Maintain adopted LOS standards PD Ongoing No 3.4 Land use decisions BCC Ongoing No 3.5 Adopt LOS standards BCC/SD/Appropriate County Departments Ongoing No 4.1 Impose regulations Appropriate County Departments Ongoing Yes 4.2 Conduct research OMB/PD Ongoing No Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 62 Comprehensive Plan Capital Improvements Element Table 611..Cap talzlmprovementElein6t't11"o it6ntat��an Y1at �iac Policy ' Type of, Action Responsibthty °; ` ' Timi- Capital Expenditure°' 4.3 Work with municipalities BCC/SD/Other Local Ongoing No Governments in IRC 5.1 Approve land use changes only if infrastructure can BCC Ongoing No support land use change 5.2 Prioritize capital improvements BCC/SD/AppropriateCounty Ongoing No Departments 5.3 Extension of facilities and services BCC/Appropriate County Ongoing No Departments Appropriate County 5.4 Create an efficient capital improvements schedule Departments/Other Ongoing No Government Agencies 5.5 Utilize enterprise funds OMB Ongoing No 5.6 Finance non -enterprise fund supported projects OMB Ongoing No 5.7 Fund the construction of public facilities OMB/SD Ongoing Yes 5.8 Permitting Requirements BCC/Appropriate County Ongoing No Departments 5.9 Amending the Schedule of Capital Improvements BCC/OMB/PD/SD Ongoing No 5.10 Complete the Schedule of Capital Improvements BCC/SD/Appropriate 2014 No 5.11 Adopt a Priority Transportation Capital Improvements BCC/PWD/MPO Ongoing No Schedule BCC = Board of County Commissioners DCA = Department of Community Affairs FDOT = Florida Department of Transportation MPO = Metropolitan Planning Organization OMB = Office of Management and Budget PD = Planning Department PWD = Public Works Department SD = School District Evaluation and Monitoring Procedures To be effective, a plan must not only provide a means for implementation; it must also provide a mechanism for assessing the plan's effectiveness. Generally, a plan's effectiveness can be judged by the degree to which the plan's objectives have been met. Since objectives are structured, as much as possible, to be measurable and to have specific timeframes, the plan's objectives are the benchmarks used as a basis to evaluate the plan. Table 6.22 identifies each of the objectives of the Capital Improvements Element. It also identifies the measures to be used to evaluate progress in achieving these objectives. Most of these measures are quantitative, such as adopting land development requirements, which ensure the maintenance of Community Development Department Indian River County Supplement # ; Adopted November _, 2010, Ordinance 2010-_ 63 Comprehensive Plan Capital Improvements Element the level -of -service standards, adopting a capacity monitoring system and others. Besides the measures, table 6.22 also identifies timeframes associated with meeting the objectives. The Planning Department staff will be responsible for monitoring and evaluating the Capital Improvement Element. This will involve collection of data and compilation of information regarding facility capacity, expansion, and new development permitted. This will be done on a regular basis. As part of the county's Concurrency Management System, the Planning Department will continually monitor the facility capacity to ensure that level -of -service standards will be maintained. 1 Existing deficiencies in county services and/or obsolete or worn-out facilities 2015 2 Land use density and intensity in Coastal High Hazard Area 2030 3 Level -of -service provided for county services 2030 4 Existence of appropriate Land Development Regulations 2030 5 Completion of the Schedule of Capital Improvements 2030 While monitoring will occur on a continual basis, formal evaluation of the Capital Improvements Element will occur annually. The formal evaluation and appraisal of the entire Comprehensive Plan will occur every ten years (dependent upon the schedule adopted by the Florida Department of Community Affairs). Besides assessing progress, the evaluation and appraisal process will also be used to determine whether the Capital Improvements Element objectives should be modified or expanded based on revisions to state statutes and changing conditions not identified and addressed as part of the annual CIE update. In this way, the monitoring and evaluation of the Capital Improvements Element will not only provide a means of determining the degree of success of the plan's implementation; it will also provide a mechanism for evaluating needed changes to the plan element not otherwise addressed in the yearly update of the Capital Improvements Element. As discussed in the above paragraphs, the evaluation and monitoring procedures identified for the Capital Improvements Element are basically the same for the entire Comprehensive Plan. These procedures are currently being used to prepare the formal Evaluation and Appraisal Report and will be used by the county in subsequent Evaluation and Appraisal Reports. Included in those procedures are the format requirements listed in 9J-5.005-(1)(a)(e), F.A.C. The monitoring and evaluation of this plan is critical to ensure that the policies are effective in achieving the plan's goals and objectives. Each individual element of the plan contains provisions and measures to be used in the review of the element. Each element contains an Implementation and Evaluation Matrix and monitoring procedures, which are currently being used to prepare the current Evaluation and Appraisal Report and will be used to prepare future Evaluation and Appraisal Reports. Community Development Department Indian River County Supplement #_; Adopted November _, 2010, Ordinance 2010-_ 64 Comprehensive Plan Capital Improvements Element In addition, a great portion of the plan monitoring will be in conjunction with the concurrency management system which is designed to ensure that approved level -of -service standards are maintained and that sufficient capacity exists in the various services and facilities. Other evaluation of the plan or plan elements is likely to occur in the day to day application of the mandated regulations, which will result in plan amendments. The formal Evaluation and Appraisal Report required by law is currently providing and in subsequent versions will provide a complete review of the plan and be conducted in compliance with the public participation procedures adopted for the development of this plan. As part of the monitoring system, all appropriate baseline data is currently being updated and will be updated. Besides assessing progress, the evaluation and appraisal process is and will also be used to determine whether the objectives should be modified or expanded. In this way the monitoring and evaluation of the Comprehensive Plan Elements not only provides a means of determining the degree of success of the plan's implementation; it also provides a mechanism for evaluating needed changes to the plan element. 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C ur O a"i W m :W;lL N o L +N+ •O C7 R m N U W O d O O o o O '� O 00 O O d O d m K K W (n j IL li fn O !d co co co co cn y 1>_ Comprehensive Plan Capital Improvements Element APPENDIX D: SCHOOL DISTRICT OF INDIAN RIVER COUNTY SUMMARY OF ESTIMATED REVENUE II?ISIr_11,Icyk1l:4M0101QaIII r-&-loierz.1aQ&Ir X46111 2010 - 2011 Work Plan Educational District Technology $1,350,000 $500,000 $500,000 $500,000 $500,000 $3,350,000 Local Expenditure Totals: $20,685,847 $22,066,479 $22,564,665 $24,282,929 $24,528,282 3114,128,202 Revenue 1.60 Mill Revenue Source Schedule of Estimated Capital Outlay Revenue from each currently approved source which is estimated to be available for expenditures on the projects included in the tentative district facilities work program. All amounts are NET after considering carryover balances, interest earned, new COP's, 1011.14 and 1011.15 loans, etc. Districts cannot use 1.5 -Mill funds for salaries except for those explicitly associated with maintenanceirepair projects. (1011.71 (5), F.S.) PECO Revenue Source The figure in the raw designated "PECO Maintenance" will be subtracted from funds available for new construction because PECO maintenance dollars cannot be used for new construction. skinX � , DECO New Construction 340 $0 $0 $39,060 $1,109,187 $690,989 $1,939,231 TECO Maintenance Expenditures $824,916 5472,019 $1,150,775 $1,266;406 $1,403,614 $5,117,73( $924,918 $472,019 $1,189,835 $2,375,593 $$094,603 $6,956,961 CO & DS Revenue Source Revenue from Capital Outlay and Debt Service funds. , CO &.DS Cash Flow-through 360 $61,123 $61,123 $61,123 $61,123 $61,123 $305,615 Distributed (1) Non-exempt property $14,998024,735 $15,179,500,834 $15,496,752,402 $15,944,608,546 $16,405,407,733 $78,024,294,250 assessed valuation $68,705 $68,705 (2) The Millege projected for 1.50 1.50 1.50 1.50 1.50 discretionary capital outlay per s.1011.71 (3) Full value of the 1.50 -Mill $25,198,682 $25,501,561 $26,034,544 $26,786,942 $27,561,085 $131,080,814 discretionary capital outlay per s.1011.71 (4) Value of the portion of the 1,50 370 $21,597,156 $21,858,481 $22,315,323 $22,960,236 $23,623,787 $112,354,983 -Mill ACTUALLY levied (5) Difference of lines (3) and (4) $3,599;526 $3,643,080 $3,719,221 $3,8216,706 $3,937,298 $18,725,831 PECO Revenue Source The figure in the raw designated "PECO Maintenance" will be subtracted from funds available for new construction because PECO maintenance dollars cannot be used for new construction. skinX � , DECO New Construction 340 $0 $0 $39,060 $1,109,187 $690,989 $1,939,231 TECO Maintenance Expenditures $824,916 5472,019 $1,150,775 $1,266;406 $1,403,614 $5,117,73( $924,918 $472,019 $1,189,835 $2,375,593 $$094,603 $6,956,961 CO & DS Revenue Source Revenue from Capital Outlay and Debt Service funds. , CO &.DS Cash Flow-through 360 $61,123 $61,123 $61,123 $61,123 $61,123 $305,615 Distributed CO & DS Interest on 360 $7,582 $7,582 $7,582 $7,582 $7,582 $37,910 Undistributed CO $68,705 $68,705 $58,705 $68,705 $68,705 $343,525 Fair Share Revenue Source Page 4 of 18 9192010 10:17:30 AM Community Development Department Indian River County 92 Supplement #_; Adopted November _, 2010, Ordinance 2010-_ Comprehensive Plan INDIAN RIVER COUNTY SCHOOL DISTRICT Capital Improvements Element 2010 - 2011 Work Plan All legally binding commitments for proportionate fair -share mitigation for impacts on public school facilities must be included in the 5 -year district work program. Nothing reported for this section. Sales Surtax Referendum Specific information about any referendum for a 1 -cent or '/,cent surtax referendum during the previous year. Did the school district hold a surtax referendum during the past fiscal year 2009 - 20107 No Additional Revenue Source Any additional revenue sources Page 5 of 18 9/9/2010 10:17:30 AM Community Development Department Indian River County 93 Supplement #_; Adopted November _, 2010, Ordinance 2010-_ �..:iwrv..N va Proceeds from a x.1011.14/15 F.S. Loans $0 $0 $0 $0 $0 $0 District Bonds - Voted local bond $0 $0 $0 $0 $0 $0 referendum proceeds per s.9, Art VII State Constitution Proceeds from Special Act Bonds $0 $0 $0 $0 $0 $0 Estimated Revenue from CO & QS Bond $o $0 $o $o $o $o Sale Proceeds from Voted Capital $0 $0 $o $0 $0 $0 Improvements millage Other Revenue for Other Capital Projects $30,000 $30,000 $30,000 $30,000 $30,000 $150,000 Proceeds from 1/2 cent sales surtax $0 $0 $0 $0 $0 $0 authorized by school board Proceeds from local governmental $0 $0 $0 $0 $o $0 infrastructure sales surtax Proceeds from Certificates of $15,000,000 $20,000,000 $0 $0 $0 $35;000;000 Participation (COP'S) Sale Classrooms First Bond proceeds amount $0 $0 $0 $0 $0 $0 authorized in FY 1997-98 Classrooms for Kids $0 $0 $0 $0 $0 $0 District Equity Recognition $0 $0 $0 $0 $0 $0 Federal Grants "$0 $0 $0 $0 $0 $0 Proportionate share mitigation (actual $0 $0 $0 $0 $0 $0 cash revenue only, not in kind donations) Impact fees received $0 $0 $0 $0 $0 $0 Private donations $0 $0 $0 $0 $0 $0 Grants from local governments or not -for- $0 $0 $0 $0 $0 $0 profit organizations Interest, Including Profit On Investment $107,986 $109,293 $111,577 $114,801 $114,801 $558,458 Page 5 of 18 9/9/2010 10:17:30 AM Community Development Department Indian River County 93 Supplement #_; Adopted November _, 2010, Ordinance 2010-_ Comprehensive Plan Capital Improvements Element 2010 - 2011 Work Plan Revenue from Bonds pledging proceeds $0 $0 $0 $0 $0 $0 from 1 cent or 172 cent Sales Surtax $0 $0 $39,060 $1,109,187 $690;989 $1.,839,236 Total Fund Balance Carried Forward $1.2,452,000 $0 $0 $0 $0 $12,452,000 General Capital Outlay Obligated Fund $0 $0 $0 $0 $0 $0 Balance Carried Forward From Total ($20,685,947) ($22,066,479) ($22,564,665) ($24,282,929) ($24,528,282) ($114,128,202) Fund Balance Carried Forward Special Facilities Construction Account $0 $0 $0 $0 $0 $0 One Cent- 1/2 Cent Sales Surtax Debt $0 $0 $0 $0 $0 $0 Service From Total Fund Balance Carried Forward Capital Outlay Projects Funds Balance $0 $0 $0 $0 $0 $0 Carried Forward From Total Fund Balance Carried Forward RAN PROCEEDS $5,000,000 $0 $0 $0 $0 $5,004000 Subtotal $32,589,986 $20,139,293 $141,577 $144,801 $144,801 $53,160,458 Total Revenue Summary CO & DS Revenue $68,705 $68,705 $68,705 $68,705 $68,705 $343,525 PECO New Construction Revenue $0 $0 $39,060 $1,109,187 $690;989 $1.,839,236 Local 1.5 Mill Discretionary Capital Outlay $21,597,156 $21,858,481 $22,315,323 $22,960.236 $23;623,787 $112;354,983 Revenue $32,658,691 -$20,207,998 $249,342 $1,322,693 $904,495 $55,343,219 PECO -and 1.5 Mill Maint and Other L5 ($20,685,947) ($22,066,479) ($22,564,665) ($24,282,929) ($24,528,282) ($114,128,202) Will Expenditures PECO Maintenance Revenue $824,916 $472;019 $1,150,775 $1,266,406 $1,403;614 $5;117,730 Available 1.50 Mill for. New $911,309 ($207,998) ($249,342) ($1,322,693) ($904,495) ($1,773,219) Construction CO & DS Revenue $68,705 $68,705 $68,705 $68,705 $68,705 $343,525 PECO New Construction Revenue $0 $0 $39,060 $1,109,187 $690;989 $1.,839,236 Other/Additional Revenue $32,589,986 $20,139,293 $141,577 $144,801 $144,801 $63;160,458 Total Additional Revenue $32,658,691 -$20,207,998 $249,342 $1,322,693 $904,495 $55,343,219 Total Available Revenue $13,570,604 $20,000,000 $0 $0 to $53,570,000' Project Schedules Capacity Project Schedules A schedule of capital outlay projects necessary to ensure the availability of satisfactory classrooms for the projected student enrollment in K-12 programs. Page 6 of 18 9/912010 10:17:30 AM Community Development Department Indian River County 94 Supplement #_; Adopted November _, 2010, Ordinance 2010-_